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Prescott AZ Homes – Trustee Sales Remain High

Categories: Buyer Posted on February 15th, 2010

Prescott Trustee SaleOur local Prescott AZ Real Estate foreclosures remain high, while buyer interest across the broad range of Prescott homes pricing can be described as tepid at best.  Many bank owned homes remain overpriced, but are often reduced rapidly, creating a feeding frenzy for buyers in the affordability range.  If you are one of those savvy buyers, you are well served to have an Arizona Real Estate Broker that can focus your search on that sweet spot with automatic internet searches and daily email pushes into your email box.

Real Estate represents a great opportunity for buyers, and continued hardship for sellers: On Friday, the local newspaper “The Daily Courier” published 4 pages of legal notices, each entitled “Notice of Trustee Sale”. So while the smart guys on Wall Street and in Washington tell everybody how the economy is recovering, the evidence shows otherwise.

Sure, it stands to reason that in order to deleverage the bubble economy, loans that have been defaulted on need do to be foreclosed and sold by the bank.  However, while unemployment and foreclosures remain high, it is difficult for most folks to hear that things are getting better while so many are experiencing financial hardship.

If you are in the financial position to qualify for a home loan and to look for Prescott AZ homes, now is the time to consider buying as pricing is attractive.  Our beautiful town still offers great Northern Arizona recreation, good local shopping, plus a mild four season climate that we think is second to none.  If you think now is the time to make your move, please contact Scott Baxter Arizona Real Estate Broker (928) 771-2000 with any questions you may have.

Photo Credit:  respres on flickr.com

Posted by Scott Baxter //

This entry was posted on Monday, February 15th, 2010 at 5:23 pm and is filed under Buyer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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