Phoenix Foreclosures
Have you been trying to find out about Phoenix, AZ foreclosures and every time you do an online search all you get are links to web sites that have lists of homes? Ever waste your time with those lists?
The reason that most of those lists are worthless is because they are 1) out of date or 2) not where you want to look for homes.
Here’s how it works with lists of Phoenix foreclosures.
Any Realtor in the greater Phoenix metropolitan area who has a foreclosure listed for sale will go to the Arizona Regional Multiple Listing Service (ARMLS) and enter in the data for the house. ARMLS is designed to be used by Realtors, as a way to bring buyers and sellers together. It also sells this data to third party real estate web sites.
Most web sites that show up in searches for foreclosures in Phoenix are either third party web sites linked in to the ARMLS or Phoenix area real estate agents who have linked to the ARMLS. Both types of sites are designed to capture your data so that an agent can contact you.
Sites Worth Viewing
Some of the web sites, such as HomeGain and RealtyTrac, are legitimate sites that stream real time data and are worth checking out.
The trick is to find the sites that have direct access to the ARMLS. Phoenix foreclosures sell quickly, so it’s not unusual for a good deal to have multiple offers within 24 hours of being listed for sale. You do not want to waste your time looking at lists that have old data.
Real Estate Agent Sites
Any real estate agent that sells homes will have access to ARMLS, and can set you up with a search that emails you new homes as soon as they hit the market. This is the most effective way to get timely information on Phoenix foreclosures.
Most agent’s web sites you come across in searches will say that they can give you lists of foreclosures, but you have to give them your contact information first.
Instead of giving an agent your information before you know who they are, you can check out agents on sites such as Zip Realty.
Enter the zip code for the area you are interested in, and a list of agents in that area will appear, with photos of the agents. You can choose which ones you would like to contact. Zip Realty puts the power in your hands!
At some point you will need to choose an agent to work with because the banks selling the foreclosures require every buyer to have their own agent.
An agent can be a huge help to the first time home owner. They will help you find your credit score rating, show you options for loans for first time buyers, and will be able to guide you through the entire home buying process.
According to the Arizona Republic “Foreclosed homes are still king in the Phoenix-area real estate market.” Good deals can be had for those who have access to fresh data and who have found a good real estate agent to work with.