Ten Reasons Why Buyers Want Your House More Than Any Bank Owned Property or Short Sale

Many potential home buyers are looking for a great deal. That is why many of them are thinking about buying a bank repo or a short sale property. Many buyers may be surprised that the best deals out there may actually be owner occupied homes in great condition that are priced a little bit higher than bank repos, and a lot higher than many short sales.

Number One: Since you can make a decision immediately, buyers don’t have to wait for days, like they do for a bank owned property, or for weeks or months, like they may have to do with a short sale.

Number Two: Most sellers are willing to counter a fairly good offer. If a bank repo has 6, 12 or 24 offers, they don’t even bother to counter most offers.

Number Three: Your home is probably in better condition than a bank repo.

Number Four: You have spruced up the house, and it looks like a very welcome home.

Number Five: You have staged your home to make potential buyers love it.

Number Six: Many bank owned properties will require too much money in repairs just to get them up to neighborhood average condition. I have seen many bank owned properties that will require $30,000 or more in repairs or upgrades next door to upgraded homes that won’t require any work that are priced within $10,000 of each other.

Number Seven: Often, banks will not do any repairs or pay for any termite treatment.

Number Eight: Your house still has all the appliances; and they actually work.

Number Nine: Your house still has toilets.

Number Ten: Your house is clean, furnished and looks lived in. It’s a home that someone wants to make their home.