You’ll either laugh or cry! Buying a bank-owned home in Phoenix can be a contact sport. Kris Berg at San Diego Castles Realty created the following video to put it all in perspective! ☺
Posts tagged as:
REO
Paradise Valley is a real estate microcosm. Homes are much larger and median prices are significantly higher than anywhere else in the Phoenix area, including it’s neighbor, Scottsdale. Commonly call “PV”, this city has irregular boundaries, that extend from Camelback Road on the south, to Shea Boulevard on the north. The area is filled with [...]
Realtors often say things like “Location, location, location”, and “Real estate is local”. Comparing Phoenix and Scottsdale real estate stats really is like comparing apples to oranges, but I’m going to do it anyway. A few facts: Phoenix covers a much larger area, 517 square miles, as compared to Scottsdale’s 184 square miles. Phoenix has [...]
I just published a post over at Click2AZ.com on the current foreclosure situation in the Phoenix Metro area. Mike Orr at the CromfordReport.com has done some number-crunching to keep us in the know. Is the REO bubble over in Phoenix? .
Mike Orr loves his numbers, even more than I do. Last week he published an interesting article on “shadow inventory” on his subscription site, www.CromfordReport.com. While I could add my two cents to Mike’s analysis, I think he’s done such a thorough job that I’ll include the full article. Shadow Inventory? Some analysts have written [...]
I’ve been working with a bank since the first of the year listing bank-owned properties around Phoenix and Scottsdale. According to some of the other professionals that I’ve worked with (namely locksmiths and contractors), I’ve seen the best and the worst of how prior owners treat their property. Two weeks ago, one of the homes in [...]
Here’s a couple photos of a foreclosure property in Phoenix. And a view from the upstairs loft. Photo credit: D. Patrick Lewis What can you say? Mostly we are speechless. If you are buying a bank-owned home, please, please, please, do yourself a favor and get a home inspection.
