Warren Buffet recently said "Buy something that can’t be moved to China or India – buy quality and hold for the long term". There may never be a better time to buy real estate in Prescott, Arizona.
That probably explains the heavy shift from financed to cash transactions. Where else can you put your money and know a year from now you’ll still have something to show for it? Whatever the reason, this has been the busiest Christmas sales season in my 19 years in real estate with sales prices ranging from the mid $200,000s to the mid $700,000s and several million dollar clients zeroing in on their purchases. There are still plenty of great deals to be had in this buyer’s market and the good news is that not all good deals are bank owned. Savvy Sellers are pricing their homes within range of the bank competition and are attracting ready, willing and able buyers.