Frequently we get buyers that want to find a super deal and buy a bank owned property.
Lately we have noticed a trend:
Priced below market value (asking we didn’t sell selling)
Priced above market value
Multiple offers within hours of being placed on the market
Bidding wars are erupting
Listening to all the media hype naive Buyers (not our Buyers of course) are over paying for crappy as-is property in their attempt to get a deal
Even our seasoned investors have all but given up on bank owned properties in favor of the good buys that are out there. So when we saw this video by San Diego Home Blog we laughed our butts off and had to share it with you.
Technorati: bank owned homes, reo, short sales, philly homes for sale
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