Are There Any Beautiful Foreclosures in Desert Mountain?

Yes! When looking for a home in Desert Mountain  you may want to seriously consider the value of foreclosures. Many foreclosures are priced well below the ordinary value of the property because they are in varying degrees of disrepair. I have seen a few exceptional foreclosures in Desert Mountain that are literally move in ready. There is one such home on the market right now which is a brand new never before lived in home.

Most foreclosures, however, need a good cleaning inside, a few appliances, perhaps paint or carpet, landscape trimming and a pool clean-up. We work with contractors that can easily do all of this on your behalf effortlessly.

Why are these homes in a state of disrepair?

These homes were often owned by those in financial distress and may have been empty for some time before being foreclosed. Upkeep of the home is a low priority to anyone facing foreclosure. Because the owner was in financial distress they usually stopped paying the landscaper, cleaner and pool man a long time ago. The owner may also have sold some appliances for extra cash, including the refrigerator, washer and dryer. The foreclosures also usually have overgrown landscaping and a green pool.

Why are they priced so low?

The shabbiness of these properties is the primary reason they are priced so low. The banks or lenders that own the properties want to dispose of the asset as soon as possible. They are often willing to take less than the value of the property just to get it off their books.

The fact is that their loss is actually your gain. The disrepair to the properties are usually not expensive to repair. Your willingness to look beyond the unkempt appearance of the homes can translate into big savings for you. Ultimately, the small price to rehab a foreclosure can make it one of the best real estate investments in your property portfolio.

Feel free to contact me to schedule an appointment to view homes for sale. I sell homes throughout the best communities in Scottsdale including Desert Highlands, Desert Mountain, Mirabel, Troon and Estancia.