Search Site
Menu
Beating Investors For Bank Owned Homes

With so much of the present  housing inventory being properties that have been foreclosed on by the banks, it would make sense to look atthese properties if you are considering purchasing a home for you and your family. In fact, the banks who own these properties, known in the industry as REO properties (Real Estate Owned), prefer to sell to a buyer who plans to live in the home. For the first 10 to 15 days that a REO property goes on the market, many banks will only consider offers from buyers who intend on occupying the property. If your realtor is unwilling to show these homes to you, find one that is more experienced working with REO properties. This WallStreet Journal article further explains what the steps you must take to assure that you are in a position to move quickly if your offer is accepted. Read article. 

Share this:

Like this:

LikeLoading…

Related

Leave a Reply

Your email address will not be published. Required fields are marked *

Client Reviews
  • "My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019

  • "Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019

  • "My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019

Contact us

Quick Contact Form