Who would have thought 6 months ago that Tucson would be a hot market? Well , here we are and we are HOT, Tucson is on fire again investors are snatching up properties in the low $100′s and flip them or rent them. Young first time home buyers who work an limited budgets cannot compete against the investor offers currently landing on sellers’ tables.
Is this good or bad? I know one thing it is frustrating if you are a first-time home buyer and have finally gotten up the courage to become a homeowner. After viewing over 30 homes and finally narrowing it down to 5 or six only to find out most of them already have 3-5 offers ahead of you is demoralizing.
I say- fear not just have patience and the right home at the right price will come along it may take a little longer that’s why it is important to plan ahead not to get trapped in a lease, call your landlord let them know you are looking to purchase a home and ask them to let you please go month-to-month when your lease expires or ask to have a clause added to allow you to cancel the lease with a 30 day notice once you have found a home.
I think it’s a good life what do you say?
There is always a place for investors of course and I personally am grateful for them as they will take on properties most of us don’t even want to step into or definitely want to be ‘deloused’ after viewing the charmer. Investors are tough they negotiate tough and they do not fear a run down property most of us would think of as a total loss. Investors beautify neighborhoods and we surely need that.
