Can I still get a bargain on Phoenix, Arizona Foreclosures?

 Can I still get a bargain on Phoenix, Arizona Foreclosures? 


 The short answer is yes you can.  The valley of the sun still is home to bargain priced bank owned properties.  They are located valley wide so you can find a great priced bank owned Phoenix, Arizona property in any city within Maricopa County.

The the long answer is you may have to look at a few before you find one that meets your standards or criteria.  A lot of the bank owned homes have missing cabinets, water heaters, or air conditioners.  There are a hand full of them that only have minor cosmetic damages.  As you can imagine those with lite cosmetic damages go quickly.  So to find one you need a Real Estate agent that can get you in front of the homes as soon as they come on the market or before they hit the market.  We have relationships with banks and REO agents to help our clients be the first to know about these bargain Phoenix, Arizona Foreclosure properties.

Arizona HUD Homes

Another option to find bargain priced foreclosure are HUD homes.  A HUD home is a home that was financed with an FHA mortgage that got foreclosed on, and now The U.S. Department of Housing and Urban Development is putting the house up for sale.  There are many great priced HUD homes in the Valley that you can own for a relatively small amount of money.

With a bank owned home you have to remember that you are, most of the time buying it "as is".  Meaning that the seller (which is usually a bank or the government) will not do any repairs before you move in.  And you would be responsible for any repairs that need to be made.  You just have to be prepared to make any necessary repairs to the Phoenix, Arizona foreclosure if you decided to buy one.

If you do buy one you can be rewarded with more equity than a traditional sale.  And it today's volatile financial environment equity is a great thing.

For a list of Phoenix, AZ foreclosures click here.