fill
fill
fill
Justin Thorstad, The Thorstad Team
Phoenix - West Valley - Surprise
fill
(602) 348-8534
justin@
azreadvisors.com
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
fill
Buying a Home
fill
Mobile App
fill
Down Payment Assistance
fill
Selling a Home
fill
Luxury Homes
fill
Open House Search
fill
Short Sales
fill
Foreclosures
fill
Green Resources
fill
Virtual Home Finder
fill
Why I Love Arizona
fill
About Long Realty
fill
Long Realty Cares
fill
Long Advantage
fill
Insurance
fill
fill
fill fill
HOUSE NUMBER
fill fill
fill fill fill fill
fill
and/or
fill fill fill
fill
STREET NAME
fill fill fill
fill fill fill
fill
CITY
fill fill fill
fill fill fill
fill
MLS NUMBER
fill fill fill
fill
You can enter multiple MLS Numbers separated by a comma.
fill fill
fill fill fill
fill
fill
fill

 

Whether you are a first time home buyer, move-up home buyer, second home buyer, or an investor, foreclosure property can offer a great value.  There are risks and challenges that are not normally part of a real estate transaction, including:
  • Multiple Offers
  • AS-IS Sales
  • No Disclosures
  • Deferred Maintenance Issues
  • Long Response Times on Offer

That said, there are also benefits to buying REO (Real Estate Owned) Homes, including:

  • Don't have to wait months for a response like on a short sale
  • Some properties will sell for less than market value
  • Sellers are not emotionally involved in the sale

If you are interested in purchasing REO homes there are steps you need to take as a buyer to
ensure a greater chance of success, including:

  • Get Pre-Qualified with a lender and look into:
    • FHA 203K Financing
    • Renovation Loans
  • Know what repairs you can handle and what condition the home has to be in for your lender
    to finance it

 

Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®


Search
54,692 properties
for sale in Arizona
 
      More Search Options
 
ARIZONA REAL ESTATE INFORMATION

Communities

Detailed community profiles for many of the most popular areas in Arizona. Learn more

Market Conditions

Get access to reports showing you current market conditions for your area. Learn more

Your Home's Value

Find out the value of your home in today's market by a professional. Learn more

Foreclosures and Short Sales

Search for foreclosures and short sales and get more info. Learn more

Open Houses

Search for upcoming open houses in your area. Learn more

Luxury

Search for luxury properties and get info on the luxury market. Learn more

Search
54,692 properties
for sale in Arizona
 
      More Search Options
 
ARIZONA REAL ESTATE INFORMATION

Communities

Detailed community profiles for many of the most popular areas in Arizona. Learn more

Market Conditions

Get access to reports showing you current market conditions for your area. Learn more

Your Home's Value

Find out the value of your home in today's market by a professional. Learn more

Foreclosures and Short Sales

Search for foreclosures and short sales and get more info. Learn more

Open Houses

Search for upcoming open houses in your area. Learn more

Luxury

Search for luxury properties and get info on the luxury market. Learn more