Tempe Bank Owned Properties
Looking for a great deal on a Tempe bank owned property? So is everyone else. Just about everyone contacting me is looking for bank owned homes.
Currently, 35 Tempe properties are marked as “lender owned” in the MLS. There are probably more, but agents don’t always enter their data correctly. Prices range from $110K for a 3 bed, 1 bath needing serious remodeling, to a $1.3M estate, with average pricing around $270K.
11 bank owned homes sold in March, which at that rate indicates a 3 month supply (a seller’s market). It’s typical for those in good condition and aggressively priced to have multiple offers, and to sell within days of coming on the market. I just saw a very nice home in the Alta Mira neighborhood come on the market as bank owned for $350K. It went pending in 4 days.
Contact me if you’d like a list of Tempe bank owned properties, or fill out my Lender Owned Properties request form.
Copyright © 2008 Rod Rebello
www.TempeAgentNews.com
