As you know the deadline for acquiring Down payment assistance ends September 30th 2008 which is right around the corner. We were told this morning that any home worth buying was being snatched up all over the valley. Agents have told us that not only are those properties being sold at a swift rate but because of the Down Payment assistance slipping away that many houses meaning the homes is Top shape are getting Multiple offers and selling above the asking price.
I thought to myself there must be a way to verify those statements and satisfy my own curiosity. I did my own exploration and checked out the Stats on the Multiple Listing Service and was really surprised at the number presented to me. At first I thought that can't be right because the number only represented 4 days of activity from August 1st to today August 4th. After the 3rd search the number of 2881 new Escrows represented by Active with Contingency sales and pending sales homes stayed intact. That means in 4 days Buyers have purchased right at 50% of the total number of all sales that closed in all of June. Junes total sales by the way were published at 5775 homes closed.
So what does that mean to you? It means you have 27 days left to assure yourself of getting the last of the Down Payment Assistance programs before it's over on September 30th next month.
Just give me a call and let's get started,
Pete Dijkstra Realtor, CRS, CREA
visit us on the web www.AnyAZHome.com
2450 S. Arizona Ave. #1
Chandler, AZ 85286