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Foreclosure in Maricopa : Real Estate Advice

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  • Local Info17
  • Home Buying56
  • Home Selling2
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Activity 5
Mon Oct 3, 2011
Dagmar Mouritsen answered:
My Realtor colleagues made a few good points. However, Realtors from out-of-State or from another Arizona town probably have a different market and speak of their experiences in that market. I think Maricopa is somewhat different. The condition of foreclosed homes in Maricopa is on average fairly good. Remember that 10 years ago Maricopa had 1040 residents and now 43,000. The development of Maricopa began in 2002 an the majority of homes were built since 2004. A typical foreclosure in Maricopa may need paint and often carpet to turn it into a really nice home. Often times the homes even have blinds and fans. Usually they have a stove and dishwasher and microwave. A "bad condition" in Maricopa is when it needs paint and carpet, blinds and fans and may be a few very minor repairs. That is absolutely no comparison to for example a "bad condition" in Mesa on a $65,000 house that was built in 1969, where you need to get the entire roof done for 8k, all flooring, roof leak damage repaired, electrical and many, many other issues and then you still live in a house that was built in 1969, if you know what I mean. Maricopa, honestly, has great foreclosure opportunities. It is absolutely fantastic here and it sometimes hard to see how even this can be talked down. Sorry, but there is a price point, and we have it here in Maricopa, where you can buy a house without regret and just be happy and proclaim "for once in my life I had great luck!" If someone cannot be happy about buying a house in Maricopa - in this market with these extremely low prices- with 4.5 % interest rates - this person has a very hard time to be happy with anything - any thing!! ... more
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Fri Mar 19, 2010
The Medford Team answered:
Joel:

Jay gave a great example - had the exact same thing happen numerous times. Banks make NO sense at all.

Go forward, build a new life and we all wish you all the best.
.
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Sat Jan 23, 2010
Terry answered:
We too were able to buy a REO home -- only after wasting six months trying short sales. Put in at least 15-20 offers with NO results. Lots of bidding going on. Homes we put offers in (at full list price, preapproved, etc.) are STILL on the market a year later. Needless to say very frustrating. My advice: Do lots of research, get on every web site you can to find homes AS SOON AS they're listed, and watch prices. The appraisal can do you in as it didn't come in at our offer so we had to reoffer at lower price, but come up with more down. I'm glad we did stick it out & look forward to retiring in Maricopa, but if you want results sooner, stay away from Short Sales. Good luck. ... more
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Thu Jan 21, 2010
Gerard Dunn answered:
Wed Apr 2, 2008
Kent Gagon answered:
Renuka
If you post an address any Real Estate agent could get you the foreclosure date of this home?
Kent Gagon
West USA Realty
602-980-5368
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