I am about to buy a foreclosure in st george utah. I have a hard time finding alot of information on the southern utah market. I have followed it for 5 years but it does not fit into the trends of any other major city nearby. It is a whole seperate market from salt lake city. It is close to a phoenix or las vegas but it has very few jobs and econmy is so different. About 5 years ago houses were available for cash types prices with many under 100k. Then the prices went over 400k, now they are back in the 225-250k range.
I have watched anf there are more foreclosures coming but the majority are upper end 500k+ custom homes. I only want to pay 250k or less preferrably 2225k or less. With few jobs will the market fall alot more. Will land prices ever fall? Most land is BLM so developable land is a preminum. There is 37 year supply of lots but prices remain over 100k for .25 acre plus impact fees are over 20k some places over 30k to build with strict restrictions so building new is out.
Three of my neighbors who were renting and waiting like us re buying this month as well so is it time?
I just am curious if anyone besides a local realtor who is trying to sell has any views of southern utah.
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FROM CAMPBELL & 12TH STREET, HEAD SOUTH TO PROPERTY ON EAST SIDE OF STREET **FANTASTIC & AFFORDABLE** Downtown Phoenix condo. The bottom of the market is here right now!!! Don’t wait on the sidelines this time around. ** INVESTMENT OPPORTUNITY**. This Nearly Brand New Condo Conversion has barely been lived in & would be a great **RENTAL PROPERTY** or an amazingly affordable **FIRST TIME HOME BUYER ** unit. Located in a closed-out community minutes from Downtown Phoenix. The property has been professionally renovated and finished with the best touches you can expect at this price. Every upgrade has been applied here. Property boasts **GRANITE COUNTERS, HARDWOOD CABINETS, EURO DESIGN, BATH & KITCHEN PLUMBING FIXTURES, EXOTIC CERAMIC TILE IS EVERYWHERE, UPGRADED CARPETS IN BEDROOM.*** Walk out your door to a huge sparkling **DIVING POOL** & **BBQ AREA.** Save gas, catch the **LIGHT RAIL** nearby and ride it to work or school . FOR MORE INFORMATION ABOUT THIS PROPERTY OR SCHEDULE A SHOWING, PLEASE CALL OUR TOLL-FREE 24-HOUR COMMUNITY INFORMATION LINE: 1-800-278-4046 EXT. 2022 PETER BOURDEAU LICENCED REALTOR? JOHN HALL & ASSOCIATES This property is listed by Bourdeau & Bourdeau Real Estate Consultants PETER BOURDEAU LICENCED REALTOR® JOHN HALL & ASSOCIATES This property is listed by Bourdeau & Bourdeau Real Estate Consultants
I am trying to purchase a foreclosure condo in Phoenix, AZ. I am trying to pay cash to do it. What do I need to check? Would foreclosed property owe taxes or other loans from previous owner? What insurances should I purchase to protect me from those things and how much they cost. I need to know as much as I can before I make the offer. Thank you
I live in a condo in Phoenix AZ. The association is in pretty deep finacial problems. This is due because a number of owners are in foreclosure or have abandoned their unit. In either case the HOA dues are NOT being paid. The most serious problem is that the water is paid with the community HOA fund and the insurance. We prioritize the money we do collect to pay water and insurance however, we have had to let the landscaping and pool matanance go. If worse came to worse we could do the grounds ourselves but not as well as a professional. My question is primarally about the water and insurance. II imagine that we are not the only ones in this financial crunch. What happens if we can’t afford to pay the water and the insurance? I would think that the water was the main priority but I know our mortgage holders require insurance on the building. What happens if there is no money to pay? I also believe things will get better once the foreclosures go though and the properties are either sold or the bank starts paying the assessments. But nobody wants to buy a condo with the place looking shabby and the water and or insurance in danger. Is anyone ever been in my shoes? What did you do (selling is not the answer, I am upsidedown in my mortgage, I am stuck here and I dont want to ruin my credit) When and how will things get better? I would like to hear personal stories or someone who understands our situation and has some expertise. Thank you for reading…if you have questions or need more detail please email me rick85032@yahoo.com