Cheaper to Buy than Rent in Phoenix

The rental market in the Valley is high right now, due to growing employment opportunities and relocating professionals. On the other hand, average interest rates for mortgages are around 4.12% which means a lower monthly payment for home buyers. Buying is 34% cheaper than renting in Phoenix. This is a huge cost savings! Plus, you are building equity each month, which means that you are investing in your future by purchasing a home. Government lending is easing up since the financial crisis, and home buyers with less than perfect credit are able to receive financing.

One of my recent clients was renting a luxury apartment in Chandler for $1478/month for only 1100 SqFt of living space. She decided to purchase her own condo and ended up with a payment of $1449/month for over 1500 SqFt. While this may not represent the city-wide average for savings, she was able to increase her living space and her quality of life in a luxury waterfront property for less money. 

With our team of mortgage professionals, we can help you find the perfect property to buy that meets your needs. With that, many who enjoy the amenities of apartment living may benefit from a condo purchase, which can also serve as a future investment property. Below are just a few of your options when it comes to available condos for sale in Chandler. Call Tina Marie to discuss your options at 480-313-9455.

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ARMLS Listing Data last updated 6/24/2021 8:23 AM MST.

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