Reva Schafer, Real Estate Pro in Scottsdale, AZ

are there many lender properties?

Asked by Reva Schafer, Scottsdale, AZ Fri Apr 12, 2013

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7
The inventory is shrinking! The good news is that we can still find great deals today and use the low interest rates to buy a property for an owner occupant or for an investment property.

Let me know if I can help!

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: http://www.InvestInArizonaHomes.com
0 votes Thank Flag Link Tue Jun 25, 2013
The number of lender owned homes is quickly dwindling. Here is a link to view all the lender owned homes in Scottsdale that are currently listed as active on the MLS. There are currently 51 lender owned properties in Scottsdale. Quite a bit less than there was a year ago--or even two years ago! Are you considering purchasing a home in Scottsdale? I am a highly experienced buyers agent and you can see extensive recommendations from my clients on my Trulia profile by clicking on my photo to the right below.

http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/ru…
0 votes Thank Flag Link Sun Apr 14, 2013
Dear Reva:

Yes, here are the lender owned properties in the Phoenix metro area: http://link.flexmls.com/ub1j02wnwdn,12

Jeffrey Masich, Realtor, GRI, MBA
HomeSmart
Arizona homes and land for purchase or sale
http://ArizonaHomesLand.com
JeffMasich@ArizonaHomesLand.com
480-556-0940
0 votes Thank Flag Link Sat Apr 13, 2013
Reva -

At the end of March there were 330 active listings in Paradise Valley (zip 85253). Only 3 of those active listings or 1% were bank-owned homes. In addition only 13 of the active listings or 4% were short sales. The small supply of bank-owned homes and short sales have allowed prices to start rising in this market so the "discounted" deals are essentially gone. However the market is still soft in the higher prices ranges ($4+ million) in Paradise Valley.

Please contact me if you are interested in receiving a Free List of Homes for Sale in Paradise Valley or Scottsdale.

Regards,

Rob Ryan
The Gallery Collection
Luxury Division of West USA Realty
602-828-1589
RobAZHomes@gmail.com
0 votes Thank Flag Link Fri Apr 12, 2013
Reva,
There is a great information on the links below regarding the shadow inventory.

About a week ago I attended “Phoenix Housing Market Explained” event at ASU. The link below is from that event - contains a video, and the slides presentation of speakers Michael Orr and Mark Stapp.

http://www.knowwpcarey.com/article.cfm?cid=25&aid=1388

You will find a lot of answers there.
Web Reference: http://www.talktosteffy.com
0 votes Thank Flag Link Fri Apr 12, 2013
While distressed properties are still with us (and will be for the foreseeable future), they represent a tiny fraction of the active market. During the month of March, for example, "traditional" properties (those where a lender or lender's decision is NOT part of the transaction) represent 98% of the active market. Bank-owned and short sales represent approx 1% each. The 12-month average for distressed sale in March of 2012 was 5 times greater.

Lender owned properties sell very quickly.
0 votes Thank Flag Link Fri Apr 12, 2013
Hi Reva:

Are you asking if there is much shadow inventory out there?

Bill.
0 votes Thank Flag Link Fri Apr 12, 2013
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