The Arizona real estate industry is always changing and evolving. Technology has dramatically influenced the standards in the day-to-day practice of the real estate business, and it continues to evolve. More sophisticated, user-friendly business models have also grown out of the changes to serve consumers’ needs better in every area of life. In this post, we explore 3 Ways the Arizona Real Estate Industry Has Changed in the Last Ten Years.
1) Online Listings
Technology is a critical player in how the Arizona real estate industry has changed in the last ten years. Online listings have become the primary method of marketing property, especially vacant land. When you’re looking to buy land in Arizona, you’ll want to check multiple sites. Once you’re on, you’ll probably notice that the listings with high-quality digital photography and 360-degree drone footage of the property stand out. But beyond that, make sure to look for good maps and even driving directions which will all give you a better picture of the land as well as the surrounding area. Reputable land sellers will also make sure to include information about zoning, GPS coordinates, land taxes, property shape, etc. Using online listings prove one of the most effective ways to shop for real estate.
2) Buyers Habits
As the Arizona real estate industry continues to evolve, it gives buyers a chance to come to the table with much more information and expertise. Buyers know what they want and are using technology to search online listings to find their ideal piece of land. Today’s buyers are savvy to pricing and are well aware of the land values. So as a potential land buyer, make sure you do your homework. Set a budget for what you want. For the most part, the land market functions differently than the home market giving you a little more time to research a desired property before signing on the dotted line. And ask questions. An upfront land seller will provide you with any and all answers about the parcel. The team at Southwest Land Deals takes pride in working with buyers to make sure they get the land they want.
3) Land Sellers
One big way the Arizona real estate industry has changed comes from the growing abundance of land sellers. These types of professionals deal exclusively in parcels of vacant land and many of them have a wide variety of listings. Additionally, they’ve already researched or even purchased foreclosures, which means they will have cheap properties for sale. They also offer many cash deals where the price is substantially reduced. At Southwest Land Deals, we are able to find incredible deals on land, passing the savings on to the buyers we work with. Working with a professional buyer will ensure you get a great deal on land with high potential for future profits. We do all of the work – the research and feasibility studies are done for you. You’ll be able to find the perfect piece of land that fits into all of your plans and doesn’t turn out to be something you aren’t able to do anything with.