Market is Changing in Phoenix Are You Changing With It?

For the last three months in certain pockets in Phoenix, Arizona an crazy little thing has happened.  Buyers have stopped purchasing.  Or, let me just say, activity has been very slow.  Now this could be just a little correction and activity could pick up.  But in my opinion that won’t be the case.  We are heading into holiday season which is usually a slow period and election wont happen for a little longer.  So, what do you do in a market that won’t let you flip?  You don’t try to find an even better deal, you take what the market is giving you.  Right now, the best strategy is Buy/Lease Option, or Buy/Hold.  Prices of homes are at all time lows allowing for excellent cash flows.  Change is sometimes painful, but those of us who know it’s healthy, you can make a lot of money by knowing when to change.  There’s still lots of REO’s and Shortsale opportunites to grab great properties at bargain prices.  Just have a plan, and then a back up plan, and you will do well.  If you would like to get a heads up great deals in the Phoenix area, go to http://www.realestatelistingphoenix.com and get on my VIP Buyers List.