Low Prices At Portland Place Condos In Phoenix

By: Gen Wright

Portland Place Condos in Phoenix have long been synonymous with luxury lifestyles and convenience aplenty. However, there is a change going on at Portland Place that is occurring as a result of the ongoing economic downturn. With the housing market struggling to find any signs of life, the values of condos and houses alike are falling to new lows. Portland Place is no exception. Getting into one of these sought after locations may be more affordable, but it will not be easy. If you really want to take advantage of the low prices that are currently available, then there are a few things you must take care of ahead of time.

First of all, you must have your own financial affairs in order. While it is not impossible to get a long term loan for the purchase of one of these condominiums, it certainly isn't as easy as it used to be to procure a bank note. Securing a loan requires that you work very hard to improve your credit rating. If you are uncertain of what that rating is, then you should have a credit check done immediately, but try to make use of the lender with which you hope to do business. This tears down the middle man and it allows them to see the full nature of your credit risk (if any actually exists) up front. If you are wondering what a good credit score is, anything north of 700 is considered good, though the closer you can get to 800 the better. Banking regulations in light of the foreclosure crisis have changed a few things about the way that loan eligibility is determined, so make sure that you've done all you can for your credit score ahead of time.

Once you have all your pre qualifications met, start upping your search for the best real estate agent for the job. There are many experienced agents in the Phoenix area, who can help you learn where the best priced condos are within the Portland Place complex. They can also help you prepare your offer and know the best time to strike for maximum effect.

Buying a home will always be more advantageous than renting, as you are making an investment in yourself. In fact, for many, homes are the biggest investments that they will ever make. However, it can be hard to leave behind the worry free life of a renter for the vigilant life of a homeowner. The best thing you can do if you're having trouble with the transition is purchase a condo at Portland Place now while the prices are at some of the lowest levels they've been at in years. When the market returns, you could have a big profit on your hands.

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