Arizona Foreclosure and Investment Homes

How do you find a good deal on an Arizona Foreclosure Home?

This is one of the questions I am often asked because I list and sell bank owned homes in Glendale, Peoria, Goodyear, Phoenix, Surprise, Litchfield Park, Laveen and other Metro Phoenix cities. We even have bank owned homes in Anthem, Gilbert, Rio Verde, Desert Ridge, Fountain Hills and Cavecreek. Email if you want to current list of Bank Properties.

After all, when you buy a home that has been foreclosure you do not get to talk to the former owner to find out about past problems like the leaking kitchen sink or termites that were treated last year. You have no information on the age of the appliances or if the heater barely works.

So, how do you know you are buying a home that doesn't come with a lot of baggage? You really don't, but you can have the home inspected. Many of the banks that own foreclosure homes in Arizona will want you to take the time to have the home inspected properly. Sometimes, there are short inspection time-frames and maybe you will want to be a pre-inspection on the home prior to writing an offer the the property. This can be especially true if there appears to be a lot of damage that could be very costly to repair.

Once you have an initial inspection report completed, go over the report with both your inspector and your Arizona realtor. Ask them questions to help you determine what might be the problem areas with the home. Get further inspections as needed - such as a a/c inspection, or roof inspection.

Crunch numbers on the repairs and if need be go back and re-negotiate the price of the home. We can help you work with the banks when presenting an offer on a bank owned foreclosure home or REO property. We have the experience you need with over 7 years selling bank owned properties in Arizona.

After all, living in Arizona you definately want your air conditioner working in top condition. The same is true of other systems with the home. If there is a gas heater have the gas company come out and check connects and do an initial inspection while they turn on the gas. Spending a little extra inspecting a bank owned home could save you a lot of money in the long run and also help you to determine if you are getting a "Good Deal on an Arizona Foreclosure Home".

I'd love to help you find a great home so be sure to call or email for your list of bank owned homes for Metro Phoenix, Goodyear, Scottsdale, Surprise, Peoria, Glendale, Gilbert, Fountain Hills, Litchfield Park, Tolleson, and Laveen.

If you are a first time buyer - please ask what programs are available for helping you own your dream home. There are some that offer 1% down for qualified buyers and others to help fix up a home to be in move in condition. Lending criteria is always changing so it's best to speak to a local lender to find out what programs are currently available.

Posted at 09:28AM Jan 25, 2009 by Peggy in Real Estate  |  Comments[2]