Power Ranch Community In Gilbert. (Phoenix: gated, for sale, rent)

[gerrynyc]

I Noticed That There Are Alot Of Homes For Sale In This Community, Is That A Bad Thing? If Not, Please Tell Me About This Community.

[sheena]

Originally Posted by gerrynyc

I Noticed That There Are Alot Of Homes For Sale In This Community, Is That A Bad Thing? If Not, Please Tell Me About This Community.

No not a bad thing, people are trying to sell their houses before the market goes down further and I'm sure a lot of those signs represent lots of speculators that bought now want to dump. Power Ranch is nice though.

Could be also people with ARMS that can longer afford the payments.

[Boatdrinks]

There are a lot of homes for sale everywhere - not just Power Ranch. Don't let that scare you off. Power Ranch is very nice. I agree with Sheena - it's probably a combo of investors selling, people can't afford their ARMS, or are coming up on their 2 yrs of owning so they can move locally without paying capital gains.

[Altongirl]

We have to move to Az from Austin, Tx ,for spouse's job............Want to buy because hate to rent. Looking for a good neighborhood that wasn't too long of a drive to airport in a golf community. Long story longer- Power Ranch and Seville were the two neighborhoods I thought looked like a sound investment for living and future resale.
Any thoughts???
I know this is a buyers market, which I'm really thankful for, but do you think 90% of asking price is on target? I get this based on a variety of sold info in last 3 months.

[sheena]

Originally Posted by Altongirl

We have to move to Az from Austin, Tx ,for spouse's job............Want to buy because hate to rent. Looking for a good neighborhood that wasn't too long of a drive to airport in a golf community. Long story longer- Power Ranch and Seville were the two neighborhoods I thought looked like a sound investment for living and future resale.
Any thoughts???
I know this is a buyers market, which I'm really thankful for, but do you think 90% of asking price is on target? I get this based on a variety of sold info in last 3 months.

I'd say try to get it for the lowest price possible whatever that may be. With so many houses on the market you have some buying power. Some people really need to sell while others don't.

[setinaz]

Power Ranch is a great comm... It remindz me of the Anthem comm... If u have children, it would be idea... Im tryen 2 find a home 2 rent there now...

[Captain Bill]

Originally Posted by Altongirl

We have to move to Az from Austin, Tx ,for spouse's job............Want to buy because hate to rent. Looking for a good neighborhood that wasn't too long of a drive to airport in a golf community. Long story longer- Power Ranch and Seville were the two neighborhoods I thought looked like a sound investment for living and future resale.
Any thoughts???
I know this is a buyers market, which I'm really thankful for, but do you think 90% of asking price is on target? I get this based on a variety of sold info in last 3 months.

Altongirl, Power Ranch and Seville are both great areas, and they have their differences. Seville is a golf community and Power Ranch isn't. Seville is a newer community.

Many residents in Power Ranch had begun to move up to larger properties, and bought another home before selling theirs. Then the market came to a halt, and their homes are still sitting on the market. Others were investors, while others bought at the height of the market swing, and since then need to sell, but owe more than the current value.

It is a great area, with a great elementary/junior high school right by the park and near the community center.

In Power Ranch the price range is from $200k to $850

Seville is a little bit further from the Phoenix airport, but it isn't far from the 202 that you'd take to 101 and on to the north loop of 202 into the airport. the south loop of 202 has made commuting much easier from the Power Ranch and Seville area.

Seville has a wonderful public restaurant, with excellent service and food in the same building as the pro shop. Seville is a master planned community that has about 20 sub divisions with several gated communities, and home prices prices range from around $300k to a little over $1mil

In order to determine your offering price, you and your realtor would first determine the current market value of the comps in the area. Then you would determine if the subject home is priced in the ball park of the current market value. If it's in the ball park, then 10% is reasonable. Many of the homes that sell within 30 days are sold within 5% of the listed price.