Homes are selling like Hotcakes in the Phoenix area market. Now that there are many different companies specializing in bidding on properties on the courthouse steps, most auctioned (foreclosed) properties are receiving multiple bids. Because the prices are being driven up by investment buyers who are purchasing the properties with the intent to rent them, "flippers" are having a difficult time finding good properties to flip.
Yesterday I listed 2 properties in Avondale. Between the two properties we had 7 showings today and 5 showings for tomorrow. So far, we have received two offers for these properties and are expecting more.
To obtain a property, you often need to be one of the first buyers on the scene. Call us and we will "hook you up" to the MLS so you can be the first to know when your ideal property comes on the market.
Did you know that interest rates are at an all time low? If you are thinking of purchasing with a loan, the interest rate plays a bigger role in determining your monthly payment than the overall price of the home. Follow the lead of the investors, the time to strike is now....and you may need to strike (make offers) several times before obtaining your ultimate deal!
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