Arizona’s sunny 55+ communities are a dream for many active adults. But how can you get the best deal? Let’s break it down.
Cash Buyers: Why They’re Top Tier
Thanks to rising interest rates, cash buyers are in a strong position. Here’s why:
- More Choices: There are more homes available in Arizona’s 55+ areas.
- Time on Your Side: Homes are staying unsold for longer, so buyers can take their time and negotiate better deals.
- Less Competition: In the past, other buyers would match cash offers by skipping appraisals. Not anymore. Cash buyers have an edge now.
Considering a Mortgage? Think Smaller
Sure, using all cash to buy sounds great. But what if you don’t have that much? Here’s a tip:
- Go for a Smaller Loan: Instead of a big $300k loan, consider something between $75K and $250K. With added taxes and insurance, your monthly costs could still be affordable.
Quick Summary
Arizona’s 55+ spots are full of opportunities, whether you’ve got all cash or are thinking of a smaller loan. In today’s market, cash buyers have an advantage, so it’s a great time to jump in.
Easy-to-Remember Point: In Arizona’s senior communities, cash buyers have the upper hand.
Arizona 55 Plus Community Specialist
Jarl Kubat, a seasoned Arizona real estate expert affiliated with West USA Realty, he offers over two decades of experience in the niche market of Arizona 55 Plus Retirement Communities, Golf Communities, and Country Club Resort-style properties across Phoenix. Feel free to reach out to him at 480-710-6326