Time to buy a house in Phoenix, A?

1 Reply

Hello good people,  I am pretty much new to real state. I know its a million dollar question, is it good time to invest into a new house, i am first home buyer, i am want to go for it as a long term investing.  Heard lots of advise, but looking for an advise from some expert here. Thank you

@Surya Poudel it depends on your goals. We have been on an upswing in the market for quite some time now. If you want to buy now I feel that it is best to buy a fixer. Something that you can force appreciation through renovations, that way if the market does change you have a slight buffer. If you want to buy something move in ready, just make sure you plan on holding it for a long time. Either living in it yourself for a long time, or making sure the rental numbers make sense. As you do not want to buy something at the top of the market cycle that is top dollar for the neighborhood and then be in a situation where you have to sell a few years later when values are lower. I am sure you will hear a variety of other answers. Although that is my two cents.

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