Real Estate Question, 10 pts?
January 14th, 2008 // 10:51 am @ admin
Rick asked:
Repo, Foreclosure, Short Sales, Home Owner sell, Company sell, Bank Own.
Repo, Foreclosure, Short Sales, Home Owner sell, Company sell, Bank Own.
Which of the above offer the best deal (lower the most from the listed price) which one will not lower or even go higher)?
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Category : News
dogkiller4
2 years ago
Banks usually list the houses for what they owe on them so repo, foreclosures bank owned are out of the question. Same for the short sale. The home owner is about to get foreclosed on and they are just trying to break even. With company and home owners its really hit and miss. Really depends on how desperate they are to sell. To give you an example i recently bought a home that 2 older couples lived in for about 20 years ( so I am assuming that the house is payed off) they suffered from Alzheimer’s and the daughter was selling the house. It was on the market for 125,000 and I got it for 107,000. they told me that they were sick and tired of taking care of the house and mowing it etc. they were excited to sell the house to me for that reason. Now maybe I could have gotten it for less but it was a good deal to me. Good luck!!!
alterfemego
2 years ago
Bank Own – lenders are learning that by listing low, they can get multiple offers and sometimes it means higher bids.
Now if we just get them to make a damn decision on a bid and close it within a reasonable amount of time, all this inventory would soon disappear!