Tuesday, June 29, 2010

TIPS FOR BANK OWNED PROPERTIES:

Offers: When submitting an offer, make it as clean as possible. If you want the property de-winterized, don't assume it will be done, put it in the offer. This usually takes about 48hrs for completion, so please allow that time before scheduling your inspection if your offer is accepted. Always request that the seller provide Title V.

If there are multiple offers, don't look at the asking price. Put in an offer of what you feel comfortable paying for the property. To many people are stuck on asking price. Sometimes, we need to price the properties to sell quick.

Cash vs. Finance? I know many of you have heard "Cash is King" however, some of these companies don't look at that, their only concern is the top value! The higher the net to the seller, the better the offer. This is usually the case for larger lenders, if it's a smaller company then the "Cash Is King" theory may work.

For more questions, contact: www.RealtyKim.com
Kim D'Elia, Broker
Kim@RealtyDelia.com