Friday, March 12, 2010

Looking for a “bank owned” home this weekend?

Getting in the arena of purchasing a bank owned home this weekend? Be prepared to make a fast decision and to pay as much as 10% over the asking price. Often times there are multiple offers on the particular home you’re interested in. Odds are, if this is a great home, in a great area, there will be great offers. You find yourself making a decision and your agent is telling you, make your highest and best offer, and make it a good one. Chances are….They are right. Go for it!!!! Home sweet home!
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2 comments:

  1. Drew SygitMarch 22, 2010 at 6:45 PM

    Just don't offer more on a HUD foreclosure if you're using an FHA mortgage. You have to use HUD's appraised value which equals the sales price. Any amount bid over that has to be paid in cash. Conforming offers are not affected by this.

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  2. Orange countySeptember 27, 2013 at 11:14 AM

    Excellent topics you have discussed here. So that I am giving greate informaiton like - search each offered home purchasable in the Sylvan Lake Real Estate marketplace for free, together with all MLS information given multiple footage and property history on each home.

    ReplyDelete

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