Finally, good news from the marketplace—Multiple offers are back!
What you need to know about preparing an offer in today's market as a power player:
You will have more influence when you show up prepared.
1. Be initially pre-approved by your financial institution
2. Make a cash offer and provide proof of cash funds:
-Bank statements
-Securities statement
-Insurance statement.
3. Depending on your desired location, properties will rise and fall. Check the areas before going out with a Realtor® and you won't waste time, and you're more likely to find what you want in the best location.
4. Consider there tends to be more inventory in age-qualified communities. These locales are ideal for vacation homes. The advantage is on resale, short sales or foreclosures where you may not be dealing with as many multiple offers in non-age qualified neighborhoods.
For example, Trilogy at Vistancia, in Peoria, Arizona since January, 65 homes sold (19 in the month of April alone!)
This is an ideal time to acquire second homes in Arizona. There is something for everyone. Consider the cosmopolitan and cooler temperatures of Flagstaff. You're only a five-hour drive to Santa Fe and off Hwy. 40 heading to Las Vegas in four hours. With the Northern Arizona University there, amenities—from theater to medical facilities, activities are abundant.
Heading northeast in Arizona, approximately four hours, is Pinetop with beautiful mountain vistas and a wonderful place to enjoy mild temperatures during the summer season. Popular Prescott and world-class destination Sedona are easy to accesses well. Take your pick.
Happy interstate traveling! TF
