The Phoenix Short Sale Market

The phoenix short sale market is somewhat unique. Phoenix short sales are a dime a dozen and can be found in every shape and size. What makes the phoenix short sale market so different is the giant growth that the phoenix area went through. People saw phoenix as an opportunity. For that reason, growth multiplied, demand went up and prices sky rocketed. Everyone felt the outskirts of phoenix would eventually make its way to center. Making the outskirts the thriving part of the city. Since the recession, there has been a major drop in prices causing more short sales in phoenix then ever before. The phoenix short sale market is like no other and here are a few facts that might help you gain an edge.

• Phoenix short sales tend to be great investment oppurtunities.
• Phoenix short sales tend to be a little more common due to the Arizona Anti-Deficiency laws.

Things you might want to watch out for are :

• Phoenix short sales tend to be investment properties owned by investors.
• Investors who have one phoenix short sale tend to have more  phoenix short sales. While this isn’t always an issue, sometimes when someone has more than one problem property, adequate attention isn’t always given evenly.
• So be careful when looking at properties.

Thanks for reading and keep checking back!

- Jeff Buettner
Real Estate Wiz Kid

Where can I find a reliable Arizona Short Sale negotiator?

I just can’t make payments on my Tempe real estate anymore !

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