If you are considering purchasing a home here in Arizona, you’ve certainly picked the right time.  It’s a great time to buy Arizona real estate, especially in some of the outlying areas of Phoenix.  The outer edges of Maricopa county, and different areas of Pinal county have some great deals at the moment.  If you’re considering buying a bank owned property, also known as an REO (real estate owned), through the MLS and/or buying a home at auction, you’ll be able to find a great home at a great price.

As you may already know, many REO’s that are slated to be sold at auction are also listed through a REALTOR on the MLS, or multiple listing service.  So if you’ve done your homework, and have become familiar with the market, you may be able to pick up these homes before the hype is built up at the auction.  If you have already spent some time researching the idea of purchasing your next home by way of a bank owned property, you may already have found that it is definitely not a new idea.

As an example, Queen Creek, Arizona has been hit with many foreclosures in the market downturn.  If you’ll refer to my most recent Queen Creek market update and pay attention to the market charts, you’ll see that as home prices starting reaching an area of affordability, the buying pace picked up dramatically.  Not only has the pace picked up, the increased buying activity has stayed constant for several months now.  Others have realized it’s a great time to buy!

Whatever area of town you’re interested in – Chandler, Gilbert, Mesa, Tempe, Phoenix, Queen Creek, or anywhere in the Phoenix Metro area, you can easily begin your research here, and find a great bank owned/REO home at a great price.  Just let me know what part of town you’d like to start in, and I can provide you with daily updates with lists of homes brand new to the market.  It’s that simple!

If you have any questions, or would like more information on selling or buying a home here in Arizona, please feel free to contact me at Nathan@ezlistaz.com.