News From the Pride Team • September 2008
With bank-owned properties and builders’ incentives, today’s home purchaser has never had such great choices to make. Buyers should also be aware there are potential bargains lurking in what Realtors call “Regular Transactions.” These are properties not related to the REO or developer built homes. When looking at your future residence, one should not overlook “normal” owner properties.
These “normal” homes are the real bargains for several reasons:
- REO or bank-owned foreclosure properties are sold in “as is” condition, with none of the important seller disclosures that come with a “regular” sales.
- Banks or mortgage lenders are exempt from disclosing material information to buyers.
- Buyers should be working very closely with a competent lender, familiar with the market and current on lending when dealing with REO or bank-owned properties.
- Working with a Realtor active in the market there may be homes available with motivated sellers who will meet or beat the lender-owned properties’ price and terms. They are also able to furnish information relative to comparative sales in the area.
This is a wonderful “buyers” market, it pays to shop around…………….
We are here to service your every need with over 35 years of combined experience in the local market. We would love to assist in buying the home of your “dreams”.
Donna Pride, Broker Associate
Anna Maier, Sales Associate
**In association with Patrick Conner, President of London Properties**
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