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| *Ostroff, Fair and Company>>>Renting & Real Estate |
In Phoenix is it a better deal to build a new home or buy existing. Our price range is in the 300s? |
We are newer to the area so we are still getting a lay of the land. We want about 1750 - 2500 Sq ft. We have no kids, so schools are not a big priority. We would like to stay near the Phoenix Metro area (areas like Livine, Avondale, Mesa, Tempe, Chandler, are fine too. Thanks! Right now you are much better off buying pre existing homes. There is a huge glut of these type houses in the Phoenix area. Avondale is a nice area- mostly newer homes and close to the sports arenas. Chandler is overpriced- but nice. Tempe has pockets of nice areas but I would avoid it. Mesa again has pockets of nice areas but I would still avoid it. Ahwatukee is a nice area- a little farther out- but great values there. Your Realtor should be able to point out to you the differences for you. That's what they get paid to do. Besides, most people on this venue aren't even in the US! As far as a mortgage goes, it's better to buy an existing home, because you're going to have to get a construction loan if you build one. Those have higher interest rates and thus you pay more monthly and more over the life of the loan. Mortgage questions? Email me at scornwell@newworldfederal.com You're better off buying existing. There are a lot of deals on the market currently. My choice would be either Chandler, or Gilbert. Both communities are great and the cost to live there is much lower than Scottsdale. Check out my web site at http://www.Welcome2Arizona.com P.S. Since you're new to the area I would recommend you hire an agent who grew up in Arizona and specializes in relocation. you need a good realtor, someone who listens to what you need and want, without looking into the sales commission.. i've known one who is genuinely concerned in helping out homebuyers, who i highly recommend - http://www.arizona4pinoys.com/arizona-re... |
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