The housing supply in Arizona has been plentiful since the market took a turn downwards starting in 2006, so buyers have had the pleasure of shopping in a "Buyers Market" as opposed to the "Sellers Market" we experienced from 2003-2006. New home developers in Arizona have been giving out very attractive kickbacks to try and move their inventory. Motivated sellers are trying to get out of homes they can no longer afford or investors attempting to reduce their home portfolios.
Some people point the downturn of the real estate market to the increase in interest rates (currently back down to historical lows), others might blame it on easy money lent to high risk borrowers or ARM loans that increased payments on mortgages that buyers were unprepared to cover. The economy and weakening of the dollar could also be a major factor. One rule of thumb to use when putting money away in some type of investment, buy things that they cant make more of. Property is one of these things. Cash is definitely does not fit into this standard because the Federal Reserve can simply make more of it! With the decline of the US dollar, we are now seeing the Canadian dollar gaining value and buying power. In fact, it is becoming more viable of an option for foreign investors to purchase land and homes in the US because either homes where they live are far less affordable or their currency just buys 10-20% more here than it did before.
 YES! I WOULD LIKE TO GET A LIST OF FORECLOSURES, BANK REPOS AND REO'S!
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With so many homes on hand for a buyer to choose from, foreclosure sales from banks (bank owned repos and REO's) sell at steep discounts off of the current market rate creating a unique opportunity to save a great deal of money off of a home purchase.
We can help you locate and purchase a foreclosure property today! Unlike other sites, we do not charge a fee to search properties or make you pay subscription fees to get a list to look at.
At almost any given time, we have access to 100's of homes in foreclosure in Arizona! To get a list of properties you might be interested in, let us know what city you would like to check and complete the contact info on the form. We can get you a no obligation list of foreclosures!
