prescott arizona reo bank owned homes: September 2010 Notice of Trustee's Sales for Yavapai County AZ - 10/25/10 01:30 PM
September 2010 Notice of Trustee's Sales for Yavapai County AZ
This chart shows the ongoing Notice of Trustee's Sales from Jan 2006 through September 2010. After a peak in Yavapai County Arizona in June of 2009 we look to be heading for another peak of about 350 notice of Trustee's Sales per month. It is important to note that many of these future foreclosures may take 12 months or more, but it is plain to see that there is a huge volume of REO properties making its way to market. This will certainly impact the type of value of … (0 comments)
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prescott arizona reo bank owned homes: Why Its Important To Work With The Best REO Agents - 09/27/10 05:32 PM
When you visit a new city do you ask where you can find an average Chinese restaurant? Or do you ask for the BEST Chinese restaurant in the area? If you needed heart surgery would you pick a doctor out of the yellow pages or would you ask friends who the BEST doctor for your surgery is? The point is clear: we don't look for mediocrity; we look for excellence. And in today's Prescott Arizona real estate market we can choose to work with the best. Someone who specializes in a particular niche and takes extra classes and has more experience. … (2 comments)
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prescott arizona reo bank owned homes: How to Buy a Prescott AZ REO Home - 11/19/09 02:41 PM
Savvy home buyers want to hit the jackpot and buy that Prescott AZ REO foreclosed home, many of which are priced under the market. When banks price REOs under the comparable sales, multiple offers are often the response. This means you could be up against stiff competition for that bank-owned home.
It's not unusual for some Prescott AZ REO homes to receive 5 to 10 offers. Sometimes the bank will throw out all but two offers and then ask the selected buyers to resubmit what is called "Highest and Best" offer. Some banks simply accept the best offer. If you're … (0 comments)
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prescott arizona reo bank owned homes: Prescott REO Homes and the New Tax Credit - 11/18/09 06:38 PM
Prescott Arizona REO properties are still a large part of the Prescott housing market currently accounting for about 35% of the sales with only 10% of the listings. Many bank owned properties come with perks such as home warranties or seller paid closing costs which make the deals even more attractive. On top of those, President Obama has signed a bill that extends the existing tax credit for first time homebuyers into the first half of 2010. The extension continues the existing tax credit for 10% of the purchase price up to a maximum of $8,000 for first time homebuyers (anyone … (1 comments)
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