Buyers Are Starting To Get The Upper Hand In The Valley

Buyers Are Starting To Get The Upper Hand In The Valley

So Arizona’s real-estate market has shifted in favor of those buying a home. Open-house signs are once again sprouting up on street corners across the Valley on weekends and even weekdays, and buyers are finally in a better position to bargain for the best house to fit their needs.

“A buyer’s market is exactly what it sounds like,” explained John Lotardo, senior vice president and general counsel for Stewart Title and Trust of Phoenix. “When there are more homes for sale than there are buyers, then buyers have time to pick and choose at their own pace and have more ability to dictate terms. It generally causes a softening of sales prices.”

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Phone: 623-703-7445
Dated: May 1st 2014
Views: 1,998
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