Your Entry To Paradise

It is obvious that homes values in Arizona have dropped dramatically, but the fact that most homes in Desert Mountain Scottsdale have decreased in value as much as 50% – 60% is a shock to most.  Just 6 months back, there were large numbers bank owned homes in Desert Mountain and short sales in Desert Mountain and very few buyers for them.  It was very common for properties to be available, at prices that seemed unbelievably, to sit on the market for years.  Then the floodgates for Desert Mountain bank owned homes, Desert Mountain foreclosures and Desert Mountain short sales.  

We literally went from no buyers for these houseshomes to over 28 offers on one recent property.  Are home values in Desert Mountain Scottsdale skyrockettingincreasing dramatically???  You would think they should be or would be, but the truth is they are not.  It may be true that a property in Desert Mountain that just sold for $1,500,000 could easily fetch $1,650,000 or $1,700,000 with the right buyer.  Almost always, this buyer will need to be a cash buyer!!!  Why you may ask???  Well if there is a bank lending money, they will most likely require an appraisal before they lend any money on the property, and the home needs to appraise for the purchase price.  

I want to share a special link with you for Desert Mountain Bank Owned Homes.  I have access to special map based home search website and I think you will find it very informative.  Even if you are not seeking bank owned homes in Desert Mountain, you can change the criteria 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 listing data from the Arizona MLS.  No information is withheld.  You have the home address, the current taxes, the HOA, the listing broker, and everything else.  You will also find a satellite view function so you can zoom right in on the surrounding area if you like, or see that a certain home backs to power lines or a highway.  The map option also utilizes Google Street View…  Never seen it, check it out, you will like it.  

The Valley Solutions Team at Solutions Real Estate also has many websites dedicated to Desert Mountain Real Estate. As usual, we hope our friends and clients find this resource helpful and useful.