"Cash Is King!!!!"
What are you waiting for? If you are a Buyer in the current market, there are amazing buys to be found! Everyone I know in the business wishes that they had "tons of cash" to spend. We see the bargains everyday. There are a plentiful choice of homes and mortgage rates are still very low. We have gone back in time to prices of homes which everyone thought they would never see. The axiom of "buy low" is right on to poise yourself to "sell high" when the market goes up again.
If a seller really wants to sell their home they have to be realistic amd most are willing to negotiate to make the sale. If you are looking for a home in the $300,000 price range or lower (yes even in Scottsdale) the revised FHA financing programs are providing some great loan possibilities. No one is going to ring a bell when prices have hit bottom, just like no one rang the bell when they peaked. We do know for sure that home prices are the lowest they have been in years. If you want to buy, buy now!