View ALL Foreclosures for Sale for free in Paradise Valley, Arizona by going to http://www.nicholasmcconnell.com then click property search. You can search by price range, zip code, lot size, and much More!
Nicholas McConnell / Arizona Coldwell Banker 480-323-5365
You may search all Arizona foreclosures, short sales, bank owned homes, pre-foreclosures, and homes for sale by visiting
http://www.nicholasmcconnell.com then click property search. Here, you have FREE Arizona MLS Access. You can search by city, price range, zip code, lot size, school district, foreclosure, short sale, pre-foreclosure, or bank owned homes for sale in Arizona. Most of Coldwell Bankers investors are coming out of the wood work. Many of our investors are purchasing properties in blocks, ten to fifteen properties at a time. Usually when this starts to happen, we see the public follow right behind then and see a rise in property values.
There is a very large inventory of homes on the market right now in Arizona. There are several bank owned homes for sale, and several short sales for sale. The reason many of these homes are not selling is because you can purchase a brand new home from a builder, with warranties, at the same price as a short sale or bank owned property. You can walk into many complexes’ in Arizona right now and tell them exactly which home you want built, and they will build it for you, at the same exact price you can pick up a bank owned property or a short sale. The major differences between the two are simple. With a bank owned property or short sale, you are purchasing a home sold as is, meaning, no repairs will be made when you find problems with the property during inspections. When you purchase a home from a builder, which we call new builds or spec homes, you are getting a brand new home, with all of the builder warranties. Why would any one want to purchase a ten year old home that needs major repairs versus a brand new home with wonderful warranties? The answer is, the bank, the government, and the system in general is trying to get what money they can get back from their losses, right off the loss, and try and move forward. That is why you will see advertised in every media empire that there are many deals to be had in short sales and foreclosures, when the truth is, you can purchase a bigger, better, new home for the same price as a bank owned home. Thank government and the banks are competing against builders right now. This is great news for buyers in Arizona.
It is easy to read between the lines when having been in the industry for over ten years regarding Arizona Real Estate. The banks and the builders are trying to do the same exact thing. They are trying to dump all of their inventory. The answer is simple, buy a new property if you are going to buy! The financing is better with the builders, and so are the prices in many cases, not to mention all the perks that go along with purchasing a new home that we have already discussed. Our government, and the powers that may be, are very good ad advertising for sale what they want sold, but not what the best deal is. It is a marketing battle between the builders and the government. The government will win that battle, but Realtors like myself will let you know the truth. If you are going to buy, buy new. If there are no new builds in the area you desire to purchase, there are homes for sale that are for sale by the owner that are priced just as well as a bank owned property or short sale. Do not be fooled into believing that a short sale or foreclosure is the best deal around. The owners of properties in Arizona are not stupid. If they really want to sell their home, they are going to price it around the appraised value. In many cases, recent foreclosures and short sales have reduced the current owners property value. The owners know this, and usually price their property accordingly. No Realtor is going to put a home on the market that is over priced. All Realtors are going to price a home a fair market value which is the appraised value. The appraised value is based off of recent sales in the area. Recent sales in the area may, or may not be foreclosures. Whether it is a foreclosure or not is irrelevant, the price tag of the recent sales is the key.
It does not matter whether you are buying or selling in Arizona. Nicholas McConnell with Coldwell Banker is hands down one of the best in the industry. If you are buying, he will hit like a hammer when negotiating price. If you are selling, Coldwell Banker will market you property efficiently, and effectively, as long as you price your home right. Coldwell Banker will usually not take a listing if you are planning on over pricing your home. No one in their right mind will purchase a home over the appraised value of the home in this market. Obviously, in the higher end of the market, there are extenuating circumstances with custom homes, and unique lots. You may search all Arizona foreclosures, short sales, bank owned homes, pre-foreclosures, and homes for sale by visiting the website below this article. You can search by city, price range, zip code, lot size, school district, foreclosure, short sale, pre-foreclosure, or bank owned homes for sale in Arizona. Let Nicholas McConnell with Coldwell Banker in Scottsdale, Arizona be your first choice when selecting a quality, experienced Realtor.
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