Foreclosed Homes for Sale in Chandler, AZ

Foreclosed Homes for Sale in Chandler, AZ

Foreclosed Homes for Sale in Chandler, AZ is a great way for someone wanting to purchase a home at a reduced price vs what a traditional home would sell for. 

What does it mean to purchase a Foreclosed Homes for Sale.  A foreclosed home for Sale is one that the bank has taken back because the owner walked away or tried to sell it as a short sale and the property did not close.  Foreclosed homes for Sale is usually one that is vacant and utilities have been turned on by the bank and or asset manager.  The asset manager is responsible for that property until it sells. Their pay bonuses are based on the number of closings they get.

Purchasing Foreclosed Homes for Sale is usually sold in an AS IS condition.  Which means the bank will not make any repairs to the property unless that repair is a condition of the buyer’s lender.  The bank is not in business to hold properties so they want to sell the Foreclosed Homes for Sale and are willing to deal,  especially when the property has been on the market for more than 60 days. 

Another tip, closer to the end of the quarter they want the property off their books for Foreclosed Homes for Sale will get sold quicker and at a lower price closer to the end of the quarter. 

Foreclosed Homes for Sale in Chandler, AZ is a great place to purchase one.  You can find homes that have been Foreclosed in very upscale neighborhoods that once sold for Millions at a fraction of that in today’s market.  There are equestrian homes along with ones in Gated Communities or near Golf Courses that have been taken back from the bank and are now Foreclosed Homes for Sale.  There are deals to be found and you’ll want to make sure you have a Full Time Real Estate Professional assisting in the negotiations. 

People think that because the Foreclosed Homes for Sale is vacant and is owned by the bank then it’s in need of repairs and thousands of dollars before it’s move in ready.  That is not always the case.  Foreclosed Homes for Sale in Chandler, AZ could be move in ready with the bank already paying to fix up the property so you don’t have to.  As I stated, banks are not in business to hold Real Estate that they’re not getting paid on.