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Top 10 Foreclosures Under $300,000 In Tucson, Arizona (July 31, 2009)

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Real Estate Agent with Realty One Group Mountain Desert AZDRE# SA582422000

Below, you can see TucsonKent's Top 10 foreclosures for sale under $300,000 in the Tucson real estate market.  As noted in the previous post, the foreclosure market is the hottest segment in Tucson real estate right now.  With the $8000 tax credit, good interest rates and low prices, first-time homebuyers are seeing great opportunity to achieve the dream of owning a home.  Many times, foreclosure homes are a good buy...if they are in decent shape (always, always, ALWAYS have your homes inspected by licensed, experienced professionals). 

Top 10 Foreclosures In Tucson Under $300,000

 

 

There are quite a few Tucson foreclosures in the $300k and below segment - these are my picks for the Top 10 this week, according to ability to finance, not requiring a lot of obvious repair & to reflect a variety of locations around the Tucson Metro area.

In this segment of the Tucson real estate market, the competition isn't quite as fierce as in the market for foreclosed homes under $150,000...but the smart investors are seeing the opportunities to take advantage of undervalued homes in a down market. We're not seeing quite as many of the foreclosures in the $300k and under price point go through bidding wars, but there are some - especially if the home is in good shape, and priced below comps.

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Comments (4)

Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Great series - good values out there in Tucson, Arizona.

Jul 31, 2009 05:48 PM
Patrick Randles
Nova Home Loans - Tucson, AZ

Kent,

I would be curious to know how many of these went "pending" since you posted this yesterday...Do you have 10 for under $200k or $150k for the 1st time investor?

Patrick

Aug 01, 2009 10:11 AM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy there Kent

No wonder I ain't seen much of you in the community. With these and the others, folks sure must be keepen ya mighty busy.

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Aug 02, 2009 06:31 AM
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

Thanks Ryan - the values are definitely back in Tucson real estate.

Patrick - as of 3 PM today, 1 of these is under contract, and another has been withdrawn temporarily.  The post previous to this one has my Top 10 Foreclosures Under $200,000 - and one of those has gone under contract over the weekend.

Dale - thanks for stopping by, buddy - I've been busy as all get out, but not on the 'Rain.  You'll see part of what has been keeping me busy in my next post!

Aug 04, 2009 11:00 AM