Despite what you may have heard about the real estate market, there’s actually never been a better time to purchase Scottsdale luxury real estate – and to do that, you’ll want to secure the services of a Scottsdale real estate agent who is familiar with the area, knows the best neighborhoods and locations of the best properties, and above all, know the local market for Scottsdale luxury homes.
You’ll also want to work with someone who understands that Scottsdale luxury real estate is not always synonymous with luxury homes.
A Favorable Market
Despite the doom and gloom you may have been hearing gleefully proclaimed on the “mainstream media,” the fact is that for the past several months, the Scottsdale real estate market has been favoring those looking to buy. The average cost of Scottsdale luxury real estate will probably never be as low as it was in the late 1990s, but the fact is that many Scottsdale luxury homes have been on the market for an extended period of time – which translates into “motivated sellers” and great deals for the investor or first time luxury home buyer!
Contrary to what professional economists say, there is nothing terribly mysterious about this leveling-off and drop in the values of Scottsdale luxury real estate. It’s simple Econ 101 – the ever-present Law of Supply and Demand. Currently, there is an abundance of Scottsdale real estate for sale, and a relative shortage of qualified buyers. Demand is down – therefore, so are prices. This is good news for investors who take the initiative to retain the services of an expert Scottsdale realtor.
The Advantage of Using a Scottsdale Real Estate Agent
No matter what your financial position, it’s a good idea to move slowly, carefully and methodically when purchasing Scottsdale luxury real estate, whether as a primary residence, a vacation home or investment. There are many good deals currently available, but the laws and city ordinances regarding Scottsdale real estate can be complex. Therefore, even if you plan to exercise your class privilege of purchasing Scottsdale luxury real estate anonymously by using a lawyer, it is to your advantage to secure the services of a professional Scottsdale realtor. Such a person has the training and practical “know-how,” as well as a thorough knowledge of Scottsdale’s unique real estate regulations.