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9 offers on a property on a home in Anthem, AZ!!!

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

If you've read any of my previous posts I've been noting how the Anthem real estate market as well as the Phoenix real estate market as a whole seems to be heating up.  Recently I posted some statistics but anectdotal evidence is sometimes more powerful in conveying a message.

Tuesday evening an investor client of mine contacted me about a bank owned property in Anthem that just came on the market at a fantastic price.  We put together the offer, I called the listing agent to find out a little more information on the property upon which he informed that he already had 8 OFFERS on the table for that home.  So I phoned my client expecting that he would want to pass on the property.  Instead, to my amazement, he bumped his offer up by $20k to leap frog the other offers on the table.

This is not an isolated incident. That very same client, along with a few others have been getting outbid on these bank owned or short sale properties.  My business partner and I have experienced bidding wars and multiple offers on a few of our listings as well.  As Peter Lynch stated in a recent article in Time Magazine (read more) when the streets are crying doom and gloom, that's when the smart money is getting into the game.

To learn more about Anthem Arizona please visit:

www.allaboutanthem.wordpress.com

And to find out more information about Anthem AZ real estate, Phoenix AZ real estate, or Scottsdale AZ real estate please visit our website at:

www.ArizonaPremiereLiving.com

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