Recently I searched one of my Real Estate Listings on the internet to see what various “valuation” sites were saying about it. The property, a bank owned home in a neighborhood which once commanded sales prices as high as 1.3 million, is listed between $770,000 and $790,000. Based on a recent Broker’s Price Opinion (BPO) ...
Are you self marketing your own home? In the real estate industry, do-it-yourself listings are referred to as For Sale By Owner, or FSBOs for short. If you have ever driven around a subdivision of model homes, you may have noticed that most of these properties have a “Flyer Holder” attached to the Property For ...
REO properties are foreclosure properties which have been returned to the bank. Real estate owned properties can include single or multi-family dwellings, commercial buildings, farms and vacant land. Before REO properties can be given back to the lender, an attempt to sell them through a foreclosure auction must first take place. Oftentimes, more money is ...
Sometimes unforeseen circumstances require someone to leave their home because they get so far behind that they can’t get caught back up. This may leave the individual or a family looking to find another place to live while the banks foreclose on their home. Although this is a bad situation, it is good news for ...