Buy Your Home Today: Understanding Why It’s a Bad Idea to Try and Time the Mortgage Market

It’s often the case that people will opt to postpone home ownership until the best rates are available or it’s a more stable investment, but in an ever-shifting market it may not be the best decision to put such a sizeable investment off. If you’re wondering whether or not you should put off investing in a home, here are some reasons you may want to start putting your time into searching for a home.

Interest Rates Always Fluctuate

While interest rates are constantly changing and have certainly risen since the economic recession of 2008, they still remain relatively low and this can make investing in a home an even better financial decision. There are no certainties that market rates will remain low, but given a lower monthly payment and the easier qualifications nowadays to acquire a loan, the present may be the best time to start investing in your own place.

Investing Early Reaps Financial Rewards

It’s easy enough to wait for a lower home price or even improved interest rates, but there is no guarantee that the market will shift down. In the meantime, you may be spending at lot of your monthly paychecks on rent. If home ownership is one of your goals in life and you’re living month to month with a high rental payment, investing money into a home is a sure way to gaining equity for the future, even in the event that the market shifts up.

It’s A Good Time To Buy

When it comes to the market, there may always be a time coming when you’ll get a better deal, but the fact remains that homes tend to remain on the market a lot longer these days and it’s largely a buyer’s market. There are no guarantees that you’ll be able to find the house you want at the price you can afford, but there are a lot of good deals to be found these days and investing sooner is an opportunity to reap financial rewards down the road.

Many people hold off on home ownership because they are waiting for prices to come down or interest rates to change, but the sooner you invest in a home, the more you can benefit from investing into something that is entirely your own. If you’re currently perusing the market for a home at a price you can afford, give me a call – J.P. Cook – 602-320-4253.

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16618 N 1st Drive Phoenix, AZ 85023

$57,000

2 Beds

2 Baths

1,152 SqFt

Status Active

MLS # 6664295

Property Type Manufactured Home

Price Type --

Lovely remodeled home, Light and bright kitchen with sky light and tons of storage. Spacious living room and bedrooms. Situated in an active 55+ park with community pool, workout room, billiards, great hall and beautiful 9 Hole Executive Golf Course. Apply online, must be approved by park management prior to purchase.

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201 S Greenfield Road Mesa, AZ 85206

$57,000

3 Beds

2 Baths

1,536 SqFt

Status Active

MLS # 6667958

Property Type Manufactured Home

Price Type --

PRICE DROP Motivated Seller. ClearStream TV antenna. Storage Shed. Beautiful and wonderfully kept DOUBLE-WIDE home in great condition. Large front covered patio. Hugh Master bedroom Suite. 2 guest bedrooms to use as an office or workout room. Full Guest bathroom. Lots of space with two living spaces, dining room and galley kitchen. Beautiful 55+ park with 2 heated pools, spas, shuffleboard, pickleball, club house, community kitchen, nightly resident activities and more.

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2401 W Southern Avenue Tempe, AZ 85282

$55,900

1 Bed

1 Bath

792 SqFt

Status Active

MLS # 6672667

Property Type Manufactured Home

Price Type --

Charming and spacious 1 Bedroom/1 Bath home located in the GATED 55+ community of The Meadows. This upkept home features vaulted ceilings, neutral color palette, and carpet in the living room and bedroom. The kitchen is very spacious with ample cabinets and counter bar seating. The Meadows community includes a clubhouse, pool, gym, and more!

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1013 N Highway 191 Highway Elfrida, AZ 85610

$55,000

2 Beds

1 Bath

825 SqFt

Status Active

MLS # 6649873

Property Type Single Family Residence

Price Type --

Here it is, live in 1 and rent the other! Its a 2 for 1! Located in the quite town of Elfrida. The main house has a brand new roof. Its a 2 bed 1 bath house, with some TLC ready for you. The single wide mobile home is a 2 bed 1 bath with a big covered porch. Good size yard for both dwellings. Both homes need work, but could be a good opportunity for someone. Property is being sold as is. No seller carry back. Owner/Agent

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10960 N 67th Avenue Glendale, AZ 85304

$55,000

2 Beds

2 Baths

1,488 SqFt

Status Active

MLS # 6595500

Property Type Manufactured Home

Price Type --

MOTIVATED SELLER! This charming abode is all about storage, storage, storage! Located in 55+ gated retirement community of Casa Del Sol Resort East! You'll be delighted to discover not one but two separate attached rooms, each with its private external entrance. Imagine the possibilities - a studio for your creative pursuits, a workshop for your DIY projects, or simply extra-large storage areas for all your treasures. Relax on your cozy covered front porch or in the large formal living room. Complete with a family/dining room that opens to the perfectly situated kitchen. The large master bedroom boasts nicely painted wood paneling, a mirrored door closet, a private bathroom with dual sinks and walk-in shower. Community amenities include a clubhouse, a pool, and a fitness center.

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6960 W Peoria Avenue Peoria, AZ 85345

$55,000

2 Beds

2 Baths

1,180 SqFt

Status Active

MLS # 6650422

Property Type Manufactured Home

Price Type --

Experience convenient living 55+ Community! Discover this charming 2-bed, 2-bath mobile home in Casa del Sol East! You'll find a welcoming living/dining room featuring wood panel walls, practical blinds, and wood-look flooring. The kitchen comes with sleek flat-panel cabinets, built-in appliances, and a peninsula with a breakfast bar for quick meals or morning coffee. The cozy main bedroom boasts a private bathroom with dual sinks for an efficient daily routine. Enjoy the fresh air on the deck while sipping on your favorite drink. You'll also find a handy storage shed for your toolsb & storage unit for your extra toys. Roof replaced 2021, Carpet 2023 and bathroom remodeled 2023. Community perks include a refreshing spa,pool, fitness center,clubhouse, walking paths,& more.

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2121 N Center Street Mesa, AZ 85201

$55,000

2 Beds

1 Bath

952 SqFt

Status Active

MLS # 6659318

Property Type Manufactured Home

Price Type --

Indulge in spacious living with this large single wide home featuring two living spaces. Nestled within the welcoming active adult community of Sundial Mobile Home Park, this residence is a testament to comfort & versatility. Enjoy the freedom to define your living areas, whether it be for relaxation or entertainment. With ample room to spread out & make the space uniquely yours, this home offers a perfect balance of size & functionality. This home is perfectly located against a wall giving it a semiprivate backyard and is walking distance from the clubhouse. Low lot rent, location and amenities!!! Don't miss this one! Items updated in 2020 include AC, Water heater, skirting, flooring, plumbing, light fixtures, blinds, faucets 7 appliances.

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96 E 16th Street Douglas, AZ 85607

$55,000

1 Bed

1 Bath

908 SqFt

Status Active

MLS # 6661732

Property Type Single Family Residence

Price Type --

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980 N Ironwood Drive Apache Junction, AZ 85120

$55,000

2 Beds

1 Bath

975 SqFt

Status Active

MLS # 6663306

Property Type Manufactured Home

Price Type --

Come check out this renovated 3bedroom/2 Bath. Open floorplan,Upgraded New Beautiful Kitchen w/ New Laminate wood flooring, New Exterior & Interior Paint, New Light Fixtures throughout, Remodeled Bathrooms, with Central AC Unit!! Spacious Lot!! Dont miss out on this Beautiful Home!!

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16501 N El Mirage Road Surprise, AZ 85378

$55,000

1 Bed

1 Bath

800 SqFt

Status Active

MLS # 6665095

Property Type Manufactured Home

Price Type --

**2024 Land Lease/Lot Fee paid in full** Discover the epitome of serene living in this delightful mobile home, nestled within a vibrant 55+ community. Whether you're seeking a tranquil retreat or an engaging social environment, this property offers the perfect blend. As you enter, the well-designed open floor plan unfolds before you, offering a seamless transition between the living, dining, and kitchen areas. The living area becomes the heart of the home, adorned with ample natural light that accentuates the warm and welcoming atmosphere. Venture outdoors for moments of serenity. It's the perfect spot for enjoying your morning coffee or unwinding in the peaceful evening air.

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9501 E Broadway Road Mesa, AZ 85208

$54,999

2 Beds

2 Baths

1,000 SqFt

Status Active

MLS # 6659404

Property Type Manufactured Home

Price Type --

Pride of home ownership. New Roof March 2024! Fresh exterior paint. Huge front patio, ramp leads up to the back patio down to the BBQ patio and storage shed. New laminate floors, epoxy counter tops in the kitchen and bathrooms/new customs sunscreens for energy efficiency. Bedrooms currently have a king and queen size bed with room to spare. Side by side carport for convenience. Lot lease includes water, sewer, garbage. 55+ community of Cielo Grande includes a clubhouse, pool, spa and shuffleboard courts!

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2015 S Wickiup Road Apache Junction, AZ 85119

$54,900

2 Beds

2 Baths

1,124 SqFt

Status Active

MLS # 6655810

Property Type Manufactured Home

Price Type --

Make an offer! This nice 2 bedroom/2 bath comes with a rare find in a 55+ community; a 2-car garage! There are also additions of a bonus room/office, as well as a laundry room connected to the enclosed front patio. there have been recent cosmetic updates in the kitchen, living room and main bathroom. You will have access to many amenities, such as a pool, spa, and clubhouse to name a few. Easy access to U.S. 60, and there is shopping close by. This is a motivated seller, so make an offer!

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