Arizona Bank Owned Homes For Sale - Bank Owned Homes For Sale Arizona

Real Estate Broker/Owner with Warm Weather Real Estate AZ BR558423000

Arizona Bank Owned Homes For Sale - Bank Owned Homes For Sale Arizona

Every home buyer wants to get the best price possible when purchasing a home, whether it be to live in, fix up, or to rent to someone else.  Bargain prices are readily available on bank owned homes.  So this should be an easy match.  Home buyers should be looking for bank owned homes for sale.

Here in Arizona, Arizona Bank Owned Homes For Sale are no exception.  The exception comes when you consider the competition.  Inventories of homes for sale have dropped dramatically in the past year.  In 2009, 50,993 bank owned homes sold in Arizona; 2010, 37,347 sold; year to date 2011, 26,720 bank owned homes have sold in Arizona.

Take a look at these Market Distress Charts from Cromford Reports:

Sun Lakes AZ Market Distress

Sun Lakes AZ Market Distress


Mesa, AZ, Market Distress

Mesa AZ Market Distress


Gold Canyon Arizona Market Distress

Gold Canyon AZ Market Distress


Maricopa Arizona Market Distress

Maricopa AZ Market Distress

Every city shows a different level of distress.  By being familiar with these markets, a home buyer can know where the best bargain deals are.

Be prepared!  Know your market! Most of these homes are receiving multiple offers, and buyers are bidding anywhere from 5 to 10% above the asking price.  This is serious business.  If you are not prepared, you will lose your opportunity.  Always review the comparable sales before you make your offer, so you know what a good value is.

If you would like more information about Bank Owned Homes For Sale Arizona please contact me as soon as possible - your best deal may already have offers on the table.