Median home prices in Yuma County rose by 22% from 2020 to 2021, from $175,000 to $214,000. Prices remain high in 2023, so if you're looking for an affordable Yuma home, you need to have smart strategies for doing so.
Yuma is known as the Gateway to the Great Southwest and offers a lot to those who decide to call the area their home. With a low cost of living, great job opportunities, and a lot of sunshine, the city can be an amazing place to live.
However, these days finding affordable homes to buy is becoming harder. Be sure to use these 3 tips to find affordable houses in Yuma.
1. Hire a Professional
One of the best ways to find an affordable house in Yuma is to work with a real estate agent or broker. A knowledgeable agent can help you navigate the real estate market and find deals that you wouldn't be able to find on your own.
A professional will know where to look to find the best homes in your area at affordable prices, and they may also have access to off-market deals that you won't be able to find when looking by yourself.
On top of this, a real estate agent will know the home-buying process well and will be able to help you negotiate when you find a home that you like. This can help you to get a better price.
2. Find the Right Listings
One of the best things that you can do to find affordable real estate in Yuma is to know which types of houses to target during your search.
A newly listed home that's in perfect condition and offers all the bells and whistles will be more likely to cost a considerable amount of money. To find an affordable home, look for Yuma houses that have been on the market for a long time or that have recently had price reductions. In both of these cases, the seller may be more willing to accept a lower price than other sellers would.
Other things to look for include homes that have been vacant for a while or that have been inherited by someone who is deceased.
Finally, also consider for sale by owner listings. For sale by owner homes may be lower in price because the seller won't be paying real estate agent commissions. In addition to this, these sellers might end up pricing their homes for less due to inexperience.
3. Look For Off-Market Homes
Another thing to look for when trying to find an affordable house in Yuma is to look for homes that aren't currently listed.
To do this, you'll have to tap your personal network and use word of mouth. You can do this by letting your family and friends know that you're looking for a house to buy. Working with a real estate agent may also help with this as well.
Additionally, there are other strategies for finding off-market homes as well. Approaching homeowners directly through door-knocking or by sending out direct mail can be helpful and could allow you to find a home to buy. This may especially work well if you find a home that appears to be vacant or has been neglected.
Buying Affordable Houses in Yuma
If you're interested in buying affordable houses in Yuma, be sure to take a smart approach. Know what to look for when browsing available homes, and try looking for off-market homes. You should also hire an experienced professional to help with your search.
Need help when buying a home? Contact us today to learn more about what we can do for you.