Seville Bank Owned Homes – If You Can Buy, Now is the Time
It is no secret that house values in AZ have dropped dramatically, but the fact that many homes in Seville Gilbert have dropped in value as much as 40% – 60% is a shock to many. Just 6 months back, there were large numbers bank owned homes in Seville and short sales in Seville Golf and Country Club and very few buyers for these homes. It was not uncommon for properties to be listed, at prices that seemed unbelievably, to not sell 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 properties to over 28 offers on one recent house. Are home values in Seville Gilbert increasing??? You might think they should be or would be, but the truth is they are not. It might be a fact that a property in Seville 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 bank involved, they will require an appraisal before they lend any money on it, and the home better appraise for the agreed sales price.
I want to share a special link with you for Seville Bank Owned Homes. I have access to special map based home search software and I believe you will find it very useful. Even if you are not searching for bank owned homes in Seville, you can change 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 program. For starters, you have access to the full listing data from the Arizona Multiple Listing System. No information is held back. You have the home address, the taxes, the HOA, 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 certain home backs to railroad tracks or a highway. The mapping option even uses Google Street View… Never seen it, check it out, it is amazing.
Solutions Real Estate and The Valley Solutions Team also has many websites dedicated to Seville Real Estate. As usual, we hope our family and friends and clients find this info helpful and informative.
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