It is obvious that house values in Arizona have dropped dramatically, but the fact that most homes in Power Ranch Gilbert have decreased in price as much as 40% – 60% is a shock to most. 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 not uncommon for homes 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 houseshomes to over 30 offers on one recent home. Are home values in Power Ranch skyrockettingincreasing dramatically??? One would think they should be or would be, but the truth is they are not. It may be true that a property 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 it, and the place needs to appraise for the agreed sales 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 software and I believe you will find it very useful. Even if you are not seeking bank owned homes in Power Ranch, you can adjust the search and do a search for just about anything you would like. What i like about this map based home search software. First of all, you have access to the full data from the Arizona MLS. No information is withheld. You have the home address, the taxes, the Home Owners Association, the listing office, and everything else. You also have a satellite view function so you can zoom right in on the surrounding area if you like, or see that a specific property backs to power lines or a an open space. The map option also incorporates Google Street View… Never seen it, check it out, it is amazing.
The Valley Solutions Team at Solutions Real Estate also has many websites dedicated to Power Ranch Real Estate. As usual, we hope our family and friends and clients find this info helpful and useful.