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Anna Banana Realty specializes in FIRST-TIME BUYERS,
REAL ESTATE INVESTORS, AND MOVE-UP BUYERS!
Helping You Make YOUR Home-Ownership Dream Come True!
Although Phoenix was one of the first cities to be affected by the collapse of the housing market, and one of the most heavily impacted. The good news is that we're one of the first to come back, and we are coming back strong! There's no doubt about it – right now, Phoenix, Arizona is the place to buy a home, especially for first-time buyers. There's no better time than now and no better city than Phoenix to get off that fence and take advantage of this absolutely amazing opportunity to purchase a home!
As a broker since the late 1980s, I promise you that we've never seen such incredible prices, compared to home values, in the Phoenix market. And when you add to the mix low interest rates, a fantastic selection of homes, and the new $8,000 tax credit for first-time homebuyers, it makes perfect sense to buy now. Call Anna Banana Realty at 602-595-8900 if you want to take action today to begin investigating whether the time is right for you to buy.
Don't let the media folks scare you – money is available. We work with reputable lenders every day – and we're closing escrows every month – which means good financing is available. Sure, you need to have good credit and an investment to put down on your home purchase. That's just smart financial sense. But there are many excellent programs, such as an FHA loan, to help you secure low rates and a reduced down payment. Talk to your lender to see if you qualify; if you need assistance finding a reputable lender, visit our Business Partners page. We have worked with all of these lenders and know them to be honest, ethical, and excellent business partners.
We believe NOW is the time to take action and buy a home in this dynamic Phoenix market. Why do we believe this to be true? Here are the facts – we invite you to investigate your opportunities:
- Interest rates are low and affordable, and there is an $8,000 tax credit available for first-time homebuyers from now until December 1, 2009.
- FHA has increased their loan amount to $346,000 in the Phoenix metropolitan area, which enables you to afford a very nice home in the Valley, especially when compared to other areas of the country.
- Most sellers are open to negotiation of price, terms, and condition of the home. There is a wide selection of homes to choose from across the Phoenix valley, in the neighborhoods and school districts of your choice, so much so that it would be nearly impossible not to find a great home to buy.
- Great programs like the Neighborhood Stabilization Program, USDA Rural Development Loans, and HUD's 203(k) Rehab Program are making even more options available for the purchase and rehab of foreclosed homes and other properties.
With all of these advantages, it just makes sense to explore the possibilities of owning your first home. We are in a remarkable period for the Phoenix real estate market, but it won't last forever. Those folks who see and understand this fact will take action to buy a home and invest in their future at these unbelievable prices and amazing low interest rates. Many of our long-time clients understand this and are sending their family members and friends to us daily. They trust us to help their friends and family make the right decisions for them.
Wise Investors Are Hitting the Phoenix Market Hard!
 If you've ever thought about investing in Phoenix real estate, now is the time to make your move! Phoenix was one of the earliest and hardest hit cities in the recent decline in home values. As of February 2009, average home prices in Maricopa County (with Phoenix at its center) had dropped more than 50 percent to $165,000, the lowest they have been since May 2003. The good news is that these low prices make the Phoenix area a bonanza for real estate investors!
According to a recent search of the Arizona MLS (Multiple Listing Service), more than 10,000 homes for sale in Maricopa County are going for less than $100,000. These are not fancy homes, but sturdy and reliable, usually ranging from 1,250 square feet and up, built in the mid-90s or newer, with garages and backyards. Now, not every one of these houses is immediately ready for occupancy, but there are certainly bargains among them, particularly for the savvy investor.Many of these houses are REOs that will need some work ... but you can likely get them tenant-ready for pennies on the dollar. You could be looking at $800+ per month in cash-flow from the rent, with many tenants opting for rent-to-own opportunities.
Investment properties make great sense if you can purchase and lease the properties so that your rental income covers all your costs. Most mortgage lenders require 25 percent down to qualify for the best rates. That means an investor will need between $30K and $35K to cover the down payment, closing costs, and repairs.
This incredible investment opportunity in the Phoenix real estate market will not last forever. Whether you're a long-time investor or someone looking to make your first cash-flow purchase, there's no time like the present and no market like Phoenix. Anna Banana Realty will help you get started today!
Ready for a Bigger House? It's a GREAT Time to Buy in Phoenix!
You know that phrase, "It's a buyers' market"? Well, we're in one.
OK, I know what you're thinking. If it's a buyers' market, that means bad news for sellers, right? So how can you possible plan to move out of that townhouse that's become too cramped to be cozy anymore in this down sellers' market? Let's look at it again.
It's a buyers' market! That means unbelievable buys on properties at every price level, from $250K up. So what you might give up on the price of your current home you will more than likely make up on the great price you will find on your upgrade purchase.
This really is the time to make your move up. Whether you're upgrading from a condo to a single-family home, or moving from 3 bedrooms to 4 bedrooms, an activity room, and a home office, the hot buys are out there!
Home prices haven't been this low in Phoenix since 2003, and they're not going to stay here. Every day, people are finding fantastic bargains and moving up to the next home of their dreams. If you think this could be you, give us a call at 602-595-8900, and we'll get started finding you the perfect home to meet your expanding needs and suit your lifestyle.
Why Hire an Anna Banana Real Estate Agent?
Goodness knows, if you haven't heard about the "Banana Bunch," we might seem a bit odd. The thing is, the energy and enthusiasm we bring to every interaction isn't just appealing, it's utterly infectious! When you check us out, you will discover our authentic way of doing business and delivering our best to each and every client.
Our agents are highly respected and valued by both our clients and the Phoenix community. We have helped our clients make their home-ownership dreams come true for more than 20 years. To this day, clients from our early years in the Valley continue to refer their friends and family to us because they trust us to tell them the truth. Our clients know we'll negotiate the best possible prices and terms, and find them the perfect home.
Our secret is that we are experts at the real estate process; at the same time, we know how to make your home purchase as smooth and easy as possible. Plus, all the affiliates on our team have worked with us for years. They are the "best of the best" in the Phoenix real estate industry. They share our goal of extraordinary service for all our clients, so they deliver extraordinary service time and time again. So there you have it ... expert real estate agents who work together with expert affiliates for your best results. With Anna Banana Realty, you've got an extraordinary team on your side.
If you are ready to get started, contact us today, and we'll go to work for you. We believe you will see and experience the difference in our service.
602-595-8900
anna.banana@cox.net
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Phoenix Arizona ... a Great Place to Live
and Invest in Your Future.
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