What is a Foreclosure vs an REO property
What is the difference between a Foreclosure and an REO?
What exactly is a Foreclosure and an REO?
Buying foreclosed homes can be a great investment option for you as a homeowner or investor.
Purchasing foreclosed homes or pre-foreclosure properties can be a great experience if you give enough time to educate yourself on the complexities of buying foreclosure homes or properties.
Home buyers looking for foreclosed homes, always tend to just look at the asking price of the property when . . . buying foreclosures is much more!
Our advice to our clients is to be fully prepared before you enter the foreclosure arena.
Why do it alone ?
When you can have an experienced agent on your side AT NO COST TO YOU!
If you don't have a WRITTEN buyer representation agreement with a real estate agent, then that agent will be working for the home seller BY DEFAULT and they will get the best deal for them (maybe at your expense.)
The typical scenario works like this: The Realtor says that the owner doesn't want to negotiate on terms. Why? Because he is trying to get THEM the best deal for them. .not YOU!
By calling directly to any listing agent for a foreclosure you are interested in; you need to remember he/she is trying to sell the bank's foreclosure for the highest possible price . .so they can have MORE foreclosure listings coming!
Let me introduce you to a most sensible intelligent approach. This method works for the seasoned investor and/or for a first time homebuyer.
Call on us and let us represent you at no cost to you. Our agents make their commissions from the bank . .not the BUYER!
I invite you to start searching for all the latest foreclosures by city on the right side bar
then register as a user and we will share with you our latest pre-foreclosure listings before they go public.
We pay a lot money for them. . . because that's is part of the value we bring to you
Thank you and let's get started by watching this video and see the difference between an REO and a Foreclosure
If you’re thinking about homeownership, ask yourself some basic questions and get informed as much as possible about the home-buying process. It will be easier for your real estate agent to help you find the dream home you are looking for. .
REOS and Foreclosures