Phoenix Foreclosures-The Real Story

25 offers, 19 offers, rude buyers agents barging in on agents currently showing the property.  Listing agents that do not return calls, list with no lockbox- and it was 110 today- and most homes have no power.

Great prices- sure- be prepared to make multiple offers on multiple properties- week after week.  If you are obtaining financing- you will be bidding against cash buyers.

If you want to offer below list price, you might as well stay home and enjoy the air conditioning.

Inventory continues to decline- thus the rule of supply and demand takes shape.  With inventory declining, prices will start to increase.

So if you think you are going to come to Phoenix and buy a 1500 sqft home for $60K that is move in ready- think again.

Here is a snapshot of Phoenix Foreclosures