Are Real Estate Values Going Up?

I was asked this very questions last evening at a Halloween party. Everyone was in a costume, dressed as political figures, movie stars, cowboys, and many other professions.  I answered the questions by referring to the many different costumes present at the party. Because of masks and much make-up, some of the quests were difficult to identify.

I related our current industry position to the many costumes. Real Estate has many different faces at this time. Some areas may be increasing in value, others may be showing a decline. Some homes may be a good financial investment others not. Some may look like an ideal place to raise a family but perhaps they are wearing a disguise.

Most real estate today is in some form of a disguise. Buying and selling has become much more of a research activity for the buyer or seller. The key is to work with someone who can unwrap the disguise and guide you through the complex maze that short sales, lenders ,  “flipped Homes”, appraisers and some “real estate agents” are presenting to you. Some of these people don’t care, others want to make a fast dollar; your challenge is to find someone who cares about you and will guide you to the answers you need to make an informed decision.

Nick Petra

Designated Broker

Certified Financial Planner

Arizona Real Link Real Estate ( Serving the Phoenix Metro area since 1970)

e-Mail: petra@azreallink.com  phone: 602-989-1592