Excerpt from: Greater Phoenix trends and statistics
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| December 02, 2008 | | A dedicated REO, Bank Owned, Foreclosure, Greater Phoenix property search. | CLICK IMAGE to Search Bank Owned Home MLS |
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Bank owned properties now dominate the Phoenix market: they affect buyers as well as sellers and have a huge impact on the values in a neighborhood. These bank owned properties are listed for less then the true market price and are sold for below the sales average: in other words, foreclosure homes are most often good deals for buyers despite hurting normal buyers. Our bank owned property search allows you to search selectively for properties by map with access to full information and often even Goggle street views. Low Inventory Of Good Home: Just like normal sales in any market there are few properties that are really good. In many cases buyers have to compete to buy a home: in fact, there have been occasions where some bank owned homes received over 10 offers. Our home search allows you to sign up for e-mail updates or RSS feed updates of bank owned homes in your selected criteria: you can keep up to date on available properties. These updates include price changes! | | | |
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