Holy House prices in Goodyear! (Phoenix, Glendale: high crime, loan, transfer)

[jimj]

We're in Waddell which is closer to Glendale and there's a 5 yr old 2500 sqft pristine house next door to us. Asking is $115. There are several like this in the area. We've not noticed any crime issues (knock wood) and it's pretty much quiet all the time.
This is all due to the foreclosure mess and the banks just trying to unload their inventory in the area. I'd expand my search from White Tank Mountain Park all the way to Glendale.
Heck, there's even some new builds out this way for $120k!

[Ritchie_az]

Waddell's got that nice, new library, too--right outside the White Tank park gate. That 2,500 sf home will not be worth anywhere near $115k in 10 years. Once the Loop 303 is finished and that mall in Surprise begins to go up, look for that area to be in high demand.

[Kentstate57]

Almost every newer home in the West Valley will have an HOA. Be sure to check the financial stability of any before you decide to buy. With walk-aways and foreclosures not making their assessment payments, many HOAs are struggling to meet budget and has or will surely raise their fees or need a special assessment to keep afloat.
Also be sure there are no outstanding assessments or fines against the property as some HOAs are claiming that assessments and fines are attached to the property and not the owner, so are trying to collect these from a new owner. And watch out for hefty "transfer" fees. Check out all possible fees before signing the dotted line. These HOAs are DESPERATE.
Be aware that fines are not collectible unless they have convinced a court to render a judgment and have filed a lien with that judgment. HOA fines are a civil matter and as such require civil remedies to collect. State law says they cannot lien your property over a fine without a judgment and even then cannot foreclose on your home over a lien based on a fine.
Title companies should not be involved in collecting unpaid fines, unless there is a lien, but most will collect whatever HOAs present, including unpaid fines, unless you protest.
This isn't legal advice. Everything mentioned is available thru Arizona Revised Statutes. Just don't allow HOAs to run rough shod over you in their desperation.

[jimj]

Originally Posted by Ritchie_az

Waddell's got that nice, new library, too--right outside the White Tank park gate. That 2,500 sf home will not be worth anywhere near $115k in 10 years. Once the Loop 303 is finished and that mall in Surprise begins to go up, look for that area to be in high demand.

My only question about this is "will they ever finish 303?" At the rate they work on it (I thought CalTrans was slooow) I may be dead and gone before it's done.

[Ponderosa]

Originally Posted by jimj

My only question about this is "will they ever finish 303?" At the rate they work on it (I thought CalTrans was slooow) I may be dead and gone before it's done.

303?? How about I 10? They have been at it for at least three years. Admittedly, some of it is open, but it seems like it is taking forever to finish the overpasses and get the project done. The part out by Verrado has been making snails-pace progress as well.

[need_some_sun]

One of the company's my husband is trying to transfer with said it was 45 minutes from their company, which is just east of Glendale in Phoenix off of 17/10 to Goodyear. Wow! It is hard to even research areas. I see why you need to know exactly where you are working. Hard part is, I have NO idea where I would end up for jobs!

[Finger Laker]

You do realize that the commute from goodyear to central phoenix is no longer in miles or time than the commutes from places like gilbert, chandler & mesa - right?

I currently commute 24 miles to north central phoenix off I-17 and door to door it takes 45 minutes in rush hour on an average day ..... a bad day will run an hour

As far as the I-10 widening they have definitely eased off the accelerator on the first phase .... the second phase leading from sarival west was actually bumped up a few years using federal money and they are actually starting off on a decent pace ...... an interesting note is that both phases have different contractors running them

[need_some_sun]

Originally Posted by Finger Laker

You do realize that the commute from goodyear to central phoenix is no longer in miles or time than the commutes from places like gilbert, chandler & mesa - right?

I currently commute 24 miles to north central phoenix off I-17 and door to door it takes 45 minutes in rush hour on an average day ..... a bad day will run an hour

As far as the I-10 widening they have definitely eased off the accelerator on the first phase .... the second phase leading from sarival west was actually bumped up a few years using federal money and they are actually starting off on a decent pace ...... an interesting note is that both phases have different contractors running them

No I did not know that! That is definitely good to know. By the time everything comes together, I hope to be an expert! It's funny how much information you can soak up here! I really appreciate everyone's input! My husband is amazed how many answers I have to his questions that I have learned from here.

[Ritchie_az]

They are working hard on the Loop 303 freeway; however, they started on the north end. Phase 1, which is Happy Valley Rd to the I-17, is not too far from completion (just guessing, I think it will be open later this year). Phase 2, which is Happy Valley Rd to Grand Ave, is already a divided highway, but some work will have to be done to make it a freeway. They have not started that phase yet. Phase 3 is from Grand Ave to I-10. Work has begun on it in spots (Bell Rd, Peoria Ave, etc) and soon (sometime this year) construction on the I-10/Loop 303 interchange will begin. It will be four or five years probably before it's all finished, but they are making progress. Then there's phases four and five....

[Ritchie_az]

Here's more info on the Loop 303 Freeway construction:
Loop 303 North of I-10 ~ Planned Improvements (http://www.azdot.gov/Highways/valley_freeways/Loop_303/North/Improvements.asp#ProjectA - broken link)
Loop 303 South of I-10