Cheaper to Buy than Rent - 2011

We've all heard the old mantra, "Renting is like throwing money down a rat-hole", or something similar to that. But in today's real estate market, it may very well be "It's cheaper to buy than to rent". At least that's what recent statistics show.

Why is that? Well, increased demand for rental properties has driven the cost of home ownership down, drastically, by supply and demand. The greater the demand for rental properties, the higher the rents go. Coupled with extremely low interest rates and a huge inventory of affordable and low-priced REO/foreclosure properties, and it's apparent that buying a home may be cheaper than renting.

Also factoring in is that the low-priced REO/foreclosure properties require less income to qualify for a loan. Prospective home buyers of the past several years were largely shut out by bloated housing prices. Realistically speaking. Of course there were many who were charmed by exotic lending instruments that seemingly didn't take into account an income insufficient to repay the loan. That's changed! But even with tighter lending requirements, there are still plenty of loan programs that many may qualify for more easily in view of the depressed prices.

For the White Mountains of Arizona market, including Show Low, Pinetop, Lakeside, White Mountain Lakes, Snowflake, Taylor, Vernon, Heber-Overgaard, there are never-seen bargains available in the local housing market, AND in the vacation-2nd home market. Renters, move-up buyers, and vacation home buyers are buying homes and cabins in the White Mountains of Arizona they never thought they'd be able to buy.

So, if you've been thinking about buying in the White Mountains, it's time to get started looking! We can help you find financing to get started looking. We also can send all foreclosure listings in the White Mountains so that you can see the prices for yourself! And, most importantly, we specialize in REO/foreclosure and bank-owned properties and can tell you that they're easy to buy when you work with experienced Realtors like Bruce & Pam. Knowledgeable and experienced Realtors make all the difference when you're wading into the foreclosure/REO market. We're comfortable and experienced in dealing with banks and asset management companies-- and we work with most of them, too. Relationships are important when there's a job to do!

Here's a link where you can sign up to receive foreclosure/REO listings in the White Mountains of Arizona: White Mountains Arizona REO/Foreclosure Listings Just drop us a note and we'll send listings of your preference, or we'll just send them all.

It's a never-before seen opportunity for home ownership in the beautiful White Mountains of Arizona. Hope to see you here soon!