Power Ranch Bank Foreclosures: It is no secret that house values in Arizona have declined dramatically, but the fact that many homes in Power Ranch Gilbert have declined in value as much as 50% – 60% is a shock to many. Just 6 months back, there were large numbers bank owned homes in Power Ranch and short sales in Power Ranch and very few buyers for them. It was very common for houses to be on the market, at prices that seemed amazingly low, to be available for years. Then the gates for Power Ranch bank owned homes, Power Ranch foreclosures and Power Ranch short sales.
We literally went from no buyers for these properties to over 28 offers on one recent home. Are property values in Power Ranch increasing??? One might think they should be or would be, but the truth is they are not. It may be a fact that a home in Power Ranch that just sold for $150,000 could easily fetch $165,000 or $170,000 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 involved, they will require an appraisal before they lend a penny on the home, and the home better appraise for the purchase price.
I want to share a special site with you for Power Ranch Bank Owned Homes. I have access to terrific map based home search website and I think you will find it very informative. Even if you are not seeking bank owned homes in Power Ranch, 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. First of all, you have access to the full data from the Arizona MLS. No information is held back. You have the property address, the taxes, the Home Owners Association, the listing agent, everything. You also have a satellite view function so you can zoom right in on the surrounding area if you like, or see that a certain property backs to railroad tracks or a highway. The map function even incorporates Google Street View… Never seen it, check it out, it is amazing.
