Should I sell my house? If you've been asking yourself this question lately, we've got good news: It's a great market for sellers! Limited inventory continues to drive home prices up, and the
How to Buy a Bank-Owned Property
Dated: 04/10/2018
Views: 368
Many buyers that look to purchase bank-owned properties for either investment or as a primary residence are looking for a deal. But with a decreasing supply of bank-owned properties in Tampa, many buyers find themselves in bidding wars.
It is not uncommon for a bank-owned property to have multiple offers creating a bidding war. So what can you do to make sure you beat the competition? Here are a few tips from experts...
- Start with your highest and best offer. Most Realtors agree you should not go in lower than full asking price and you should offer the most you feel you are willing to pay for the property. In multiple offer situations, it is common for the final sales price to be above the listing price.
- Provide a large good faith deposit. Most people go with $1000, considering offering more to show how serious you are.
- Choose a closing date that is ASAP.
- Be sure to complete all required paperwork with your offer. If the bank has multiple offers and you have not submitted required bank forms or other paperwork then they may choose another offer that is more complete.
If you are ready to look into purchasing a home, contact Homeward today to get the process started!
Latest Blog Posts
Lower mortgage rates have drawn out more buyers this fall, but the rapidly shrinking inventory of lower-cost homes—the properties highest in demand—are making it difficult for them to
Most people believe that Spring is the best time to buy a house. It is. There are definitely more houses listed in the Spring than any other time of year. However, the Fall season is a second runner
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
