Realty BiZ News
According to Zillow, there are roughly 3,000 homes which are foreclosed or in pre-foreclosure. This high number, caused by years of financial hardship across markets and specifically in Arizona’s real estate market, give potential buyers a lot of options and a lot of power. Banks need buyers, and that can only work in the favor of future homeowners.
These Phoenix area homes, which vary from mansions on beautiful acreage to small cottages on city lots, offer buyers endless possibilities for a new family home or a great investment. Potential buyers have their pick of bank-owned homes ranging in price from under $20,000 all the way up to $1,000,000.
