Seville Bank Owned Homes – Best Buying Opportunity in Decades
It is no secret that house values in AZ have declined dramatically, but the fact that many homes in Seville Gilbert have decreased in value as much as 50% – 60% is surprising to most. Just 3 months ago, there were numerous bank owned homes in Seville Golf and Country Club and short sales in Seville and very few buyers for them. It was very common for homes to be listed, at prices that seemed amazingly low, to be available for years. Then the market turned for Seville bank owned homes, Seville foreclosures and Seville short sales.
We literally went from no buyers for these houseshomes to over 31 offers on one recent house. Are home values in Seville skyrockettingincreasing dramatically??? One should think they would be or would be, but the truth is they are not. It might be a fact that a property in Seville Gilbert that just sold for $200,000 could easily fetch $215,000 or $225,000 with the right buyer. Most of the time, this buyer will need to be a cash buyer!!! Why is this so??? Well if there is a lender lending money, they will most likely require an appraisal before they lend any money on the home, and the home needs to appraise for the agreed sales price.
I want to share a special link with you for Seville Bank Owned Homes. I have access to terrific map based home search software and I believe you will find it very useful. Even if you are not looking for bank owned homes in Seville, you can adjust the search and do a search for just about anything you would like. Let me tell you about a few great features of this map based home search software. First of all, you have access to the full data from the Arizona Multiple Listing System. No information is withheld. You have the property address, the taxes, the Home Owners Association, the listing agent, and everything else. You will also find a satellite view option so you can zoom right in on the surrounding area if you like, or see that a specific property backs to railroad tracks or a an open space. The map option also incorporates Google Street View… Never seen it, check it out, it is amazing.
The Valley Solutions Team at Solutions Real Estate also has many other websitesfocusing on Seville Real Estate. As usual, we hope our friends and clients find this info helpful and useful.
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