Today, there are 1257 active Gilbert Arizona homes for sale on the Gilbert Arizona MLS. Of the active listings in Gilbert, about 38.3% or 482 of them are short sales. Bank owned homes account for 10.5% or 132 of the active homes for sale. That means about 49% of the homes listed for sale in Gilbert Arizona are distressed properties.
One of the most frequently asked questions I get is "What is a "Short Sale"? Basically a short sale is selling your home for less than what is owed to the lender or lenders and getting them to accept the lower amount. For most homes owners behind on their payments, a short sale is a way to avoid foreclosure. For buyers short sale may take extra time, but offer some really good bargains.
The Cassady Team has several sites dedicated to distress properties. www.AZForclosuresforsale.com and www.ShortSales4AZ.com deal directly with bank owned and short sale homes. We also have localized city sites like www.HomesforSaleGilbertAZ.com to view all of the homes available in Gilbert Arizona for sale. For more information or a free short sale home evaluation, please call the Cassady Team office 480-471-8466 or my direct number 480-229-6610. You can also email me at Ed@EdCassady.com.