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How to Buy Bank-Owned Property from the Bank | Distressed Pro
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distressedpro.com
REO properties (real estate owned by the bank) can be a great way to find a fixer-upper or score a below-market deal. But like any negotiation, getting the right price on an REO property requires some know-how. Here are a few tips: * Do your research: Find out similar properties in the area have sold for recently. This will be your starting point for negotiation. * Consider the repairs: Factor in the cost of any repairs the property needs when making your offer. * Be prepared to walk away: Don't
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