Living Near Light Rail Can Be Shrewd Investment

Living near ( within 3 blocks) on either side of the Light Rail System may be a shrewd investment even in the current market downturn. The negative sales statistics in the media have disheartened many home sellers and buyers alike. The stats are a very broad survey of a very large area, this "Valley of the Sun".

There are neighborhoods that are holding and even increasing in value. This is one area that is attracting hugh investment. Why not buy a home or condo within 2 to 3 blocks of the Light Rail System in an upwardly moving neighborhood? That's the way people make money in Real Estate.

It is important to research your market position if you are planning to sell. It must be a specific study of your neighborhood. You may be in one of the good areas. If not, then you definately know where you stand and what effective strategies may get you the most money for your area.

For buyer's, they too must do their homework. A home may be very low priced. Why is that? What are the prices in the neighborhood? Is it a desirable place to live? Are the schools good? Even if you do not have children, the school's quality is very important. A good school system will improve your future sale position if you sell later on down the road. Where do you want to live?

Read more about the impact of the Light Rail System on business and Real Estate in a recent article in the AZ Republic.

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Best regards,
Richard Pomisel, e-Pro, GRI
Richard@Pomisel.com
1(800)474-2841 Toll-Free

Smaller Home Price Spread Suggests Rebound

The shrinking spread between buyers' and sellers' expectations is a sign the housing market is correcting, and a rebound almost always follows a correction, particularly in the Valley. AZ Republic, Catherine Reagor. Read more...

As I have said in the past, Phoenix is a different market than anywhere else in the USA. We still have a large influx of people into this State. For every 2.5 people, one home is needed. The surplus will burn off faster than anywhere else. If you are buying, now is the time to make your move ahead of the pack. You will get a GREAT DEAL especially if you are planning to live in your new home for 4 or more years.

Financing is still relatively easily obtainable for good rates on fixed interest loans. Now is the time to have your credit checked by a lender. You will then know absolutely where you stand with no surprizes. This goes for everyone, even those that think they have no credit issues. There have been many instances of negative entries on the wrong person. When this occurs, it takes time to correct. The time to get your ducks in a row is now.
Get your FREE report " The Three Point Plan to Getting the Best Financing"

Best regards,

Richard