If you are planning to buy an investment property in Prescott, don’t let grass grow under your
feet, as prices seem to be steadily rising. Prescott has been thought of as primarily a retirement
community, but don’t be fooled. The Prescott area is growing and is in desperate need of more
rental properties and fast! Far West Realty will help you to invest in, and manage rental
properties in Prescott, as business is booming.
Investing in Prescott is no longer all about that future retirement home. Although Prescott
continues to attract retirees, job growth has been strong in Prescott, serving its ever-growing
population. There has, therefore, developed a shortage of rentals and we do not see this
population and job growth waning anytime soon.
Just like the overall housing market, Prescott experienced a sharp rise and fall in the boom and
bust, but afterwards Prescott went through a mini-boom of speculation in foreclosed properties.
It has appeared that those have mostly been flushed through the system, so, at least for now,
we think we can trust the recent price increases. We expect to see this amazing growth
potential over the next few years to continue.
Our area attracts many different types of investors and Far West Realty is the perfect partner to
help you invest in Prescott’s rental market and take advantage of the booming business. To
discover how we can help find and manage your real estate investment, please give us a call
at 928-772-9400.