Is a bank owned home a bargain or a steal?
It's commonly assumed that bank owned homes are a real steal and one should run out blindly and buy it, but that’s not always the case and mostly is not. Banks are much more motivated than most sellers for sure as they have thousands of home “in stock” and want to get them off their books as soon as possible, but they also know they don’t need to make their losses any worse than they already are. When considering buying a bank owned home, you need to be as prudent as you would be in any big purchase and check your comparables to make sure you are getting at least a good buy, which you usually are.
It's commonly assumed that bank owned homes are a real steal and one should run out blindly and buy it, but that’s not always the case and mostly is not. Banks are much more motivated than most sellers for sure as they have thousands of home “in stock” and want to get them off their books as soon as possible, but they also know they don’t need to make their losses any worse than they already are. When considering buying a bank owned home, you need to be as prudent as you would be in any big purchase and check your comparables to make sure you are getting at least a good buy, which you usually are.
For the more than seventeen years that my husband and I have been married, we have invested in real estate. Our projects include home renovations, luxury home construction and land development. Real estate has always been my passion and now I put that energy and knowledge to work for my clients. Before you buy, sell or invest in real estate, call me. I am motivated to help you solve your property and housing needs.
I am interested in strong, lasting, life-long relationships one person at a time. You can count on me!
Chris Farkas
About the Author:Real estate professional Chris Farkas has always been motivated to find the best solutions for any issue. This drive has made her a successful agent in Whatcom County for a reason. She focuses all her energy and resources on helping those who have placed their trust in her to succeed.To offer exclusive services that can only be attained by hiring me as your REALTOR®. As a result, my valued clients, suppliers, and their friends will feel confident in referring members of their family, co-workers, neighbors, and other people they know to me for competent advice on buying, selling, or investing in real estate.I am interested in strong, lasting, life-long relationships one person at a time. You can count on me!
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