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Local real estate investors, Phoenix Home Buyers Group are experiencing an increase in distressed properties in the growing market in early 2017 in spite of a tighter new home market and short supply of foreclosures. These distressed properties are usually home owners looking to sell their house fast for cash, resulting in a quick home sale. Reasons for selling a house “as is” range from personal reasons for the seller like an unwanted inherited property or a military transfer, to financial reasons such as foreclosure or mounting property taxes. Phoenix Home Buyers Group says they believe this year’s early boom in fast home sales is a reflection of the season and growing housing market in the Phoenix Valley in general.
The Metro Phoenix area will be the number 1 housing market in the USA this year according to a new forecast report from Realtor.com. Growing price gains in the housing market mean now is a good time for distressed sellers to find buyers who will buy their house in Phoenix for cash, fast.
Often distressed home sellers are surprised to learn that investors like Phoenix Home Buyers Group can buy fast for cash properties in “as-is” condition, with no fees, no commissions, no banks, and no repairs needed.
Phoenix Home Buyers Group started January with several projects for renovation from distressed sellers. Three of their current properties are good examples of the current state of the housing market. The property details are as follows.
4544 & 4548 W Daily St Glendale, AZ – Phoenix Home Buyers Group are designing and building out half a street (sidewalk, curb, gutter and paving), around 300 linear feet along Daily Street. They will be building two single family houses on those lots afterwards.
13092 N B St El Mirage, AZ – This property is a renovation, rebuilding 70% of the house due to fire damage caused by previous tenants. The house was owned by Tree House Properties, a hedge fund that owns several thousand properties in Phoenix.
13602 N 36th Pl Phoenix, AZ – Phoenix Home Buyers Group are working on a third property, a house that the previous owner caused $80,000 in damages to the property by destroying all interior walls, plumbing, electrical, removing all shingles, jack hammering all interior concrete and cutting out every 2×4 inside the house, and also setting the house on fire, half of which burned down.
More details for current projects and information about real estate investors looking to buy homes fast for cash in Phoenix, Arizona, visit http://www.phoenixhomebuyersgroup.com.
Business: Phoenix Home Buyers Group
Address: 16614 N 40TH DR Phoenix, AZ 85053
Phone: (602) 833-7812
Release ID: 163039