How to Bid on a Repossessed Home
April 6, 2012
in Home Buying Guide, Home Foreclosures | Tagged auction, distressed properties, foreclosed, foreclosure, property, real estate, repossessed homeWith the downturn in the economy, many homes have been repossessed or are known as distressed properties. Bidding on a repossessed home can be a great value and save a prospective buyer anywhere from 10 to 70 percent because banks or government agencies are eager to unload the properties. However, when bidding on a repossessed […]
- Fact #1
Typical national real estate web sites may only cover 20% of what is for sale in a particular location and many display homes already sold.
- Fact #2
Only a broker or agent affiliated sites can give you the most up-to-date home listings.
- Fact #3
You can see all the listings that real estate agents see by searching locally on a broker or agent site.
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