Ahwatukee AZ Foreclosed Houses are at a price they haven't been for years and interest rates are at a long time low, is something that you have been hearing and wondering should I buy or should I wait? If you’re one of the savvy buyers out there you know it's the time to buy Ahwatukee AZ Foreclosed Houses. If you're able to take advantage of this market and purchase a home in an amazing area for an incredible home, you’ll be looking in Ahwatukee, AZ for bank foreclosed homes.
Why not purchase a home that you can use as an investment and let it have a positive cash flow for you. Ahwatukee, AZ REO properties is a great way to make that happen. With the award winning Kyrene School District in Ahwatukee and having Desert Vista High School being an A+ School of Excellence it's no wonder families are wanting to reside in Ahwatukee. What do they say, “come for the education and stay for the activities and mountain views”
Ahwatukee is a suburb of Phoenix, AZ. It's surrounded by South Mountain to the North, the Gila River Indian Reservation to the South and West and I-10 Freeway to the East. You are minutes from Sky Harbor International Airport and close to great dining, shopping, hiking, biking and amazing mountain views.
When you think of Phoenix, many think of being in the Valley of the Sun and low cost Real Estate. It’s good to know that real estate cost just got lower when you take into account the number of Ahwatukee, AZ Foreclosed Homes. There are currently 57 active foreclosed properties in the Ahwatukee area (direct from the MLS August 4, 2011) Some of these are luxury homes as well as golf course homes, condo’s and everything in between. You can purchase a foreclosed property in Ahwatukee for as little as $ 39,000 all the way up to $1,510,000 (again direct from the MLS August 4, 2011). If you're looking for your first home, investment property, move up buyer, winter home or retirement home, Ahwatukee is the place to purchase that REO property. Ahwatukee, AZ Foreclosed Houses is just a phone call away.
A bank foreclosed home is a property that the bank currently owns. The previous owner either walked away from the property because they could no longer afford the payment based on what it cost them when they purchased it or they tried to short sale it again because they were upside down on what they owed vs what the property was worth when they walked away. If the bank doesn’t agree with the price that the buyer wants to purchase the property at, then the bank denies the short sale and takes the property back. They might hold it in their inventory or turn it over to an REO agent who will list the house based on current market value. When this is done, it becomes an REO or Foreclosed property and you have the ability to purchase it at a much lower price than the last owner did. The property might need some repairs and is usually sold in an as is condition. Some of these properties have been vacant for a month or two or much longer. You can get a great price for the property based on current market conditions because the bank wants to get it off their inventory. That's why purchasing Bank Foreclosed Homes in Ahwatukee, AZ is such a great idea for the investor and home buyer alike.
After all, banks are in business to loan money not to inventory property. When you’re ready to purchase an REO property in Ahwatukee, you’ll want a Full Time Real Estate Professional that knows the market to partner with to represent you when dealing with the banks. Debbie Nieman at 602-799-5239 is such a person.
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