If Youre Having A Hard Time At Finding A Rental Home Lets Look At Purchasing Instead

Dated: 03/11/2019

Views: 634

The Arizona real estate market has come back around over the past 10+ years. So much so that the rental inventory is very low, about 3 months of inventory low! As of this morning, there are 3,456 rental properties available on the MLS. From February 10, 2019 to March 10, 2019, there were 1,263 leases signed on rental properties. Rental price are increasing, inventory is decreasing and multiple applications are being filled out on most of the properties as the come on the market.

There’s a common misconception that buyers need to have perfect credit to buy a home. While perfect credit is extremely beneficial, that simply isn’t the case. There are several home loan options for buyers such as Conventional, FHA, VA and a couple others. In come cases, buyers with a 500 credit score can qualify for 10% down loans. 3.5% down FHA loans require a minimum of 580 FICO score. Obviously, the higher the buyers credit score, the lower the interest rates are.

If you’re getting sick of the rental application fees, property no longer available messages and paying high rent prices and want to explore your potential home buying power, LET’S CHAT!!! I’d love to help you explore your options. Our team has a tremendous amount of resources to help you along the way. I look forward to talking to you soon!

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