Are REO (Foreclosure) Buyers Getting Harder to Find?
Not in the Maricopa Arizona homes for sale market.
This article, published in DSNews.com, claims that after a three year study the number of owner occupant buyers for REO (which is an acronym for foreclosed homes) had decreased signifigantly. At least in Maricopa AZ, this number could be deceiving as a lrge percentage of our buyers are seasonal buyers. Although they would not be classified as “owner occupants”, most of them do in fact occupy the homes during the winter with plans to move here permenantlyin the future.
The biggest problem in the homes for sale market in Maricopa Arizona is not finding buyers for REOs. It’s finding the homes for the buyers as our inventory is at an all time low.
Read the full article http://bit.ly/sZGbDU

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