Newark Delaware Real Estate Bank Owned Properties a good deal?

Newark Delaware Real Estate Bank Owned Properties a good deal?

In most cases YES!!!

This is a home in the Newark Delaware area that I helped a buyer purchase last week for UNDER $260,000!

4 Bedroom 2.5 bath, 1st floor office, 2 car garage, huge kitchen

3,100 sq, ft on half a acre!

It is hard to believe that this great home sold for under $260,000 when the last sale of a smaller home in this development sold for $350,000 a year ago. How does something like this happen?

Well its not a everyday occurrence where you can buy a home and get $75,000 equity in your pocket the first day you own it but there are homes out there right now selling $25,000 or more below market value.

How is the Bank Owned home for sale different from other homes for sale?

Well Bank Owned homes are homes that either went to foreclosure or were given back to the lender. Most homes will need paint and carpet and need some maintenance but from my experience most new home owners replace the carpet and paint anyway.

The big advantage to the buyer is there is not a seller who had good memories and thinks their home is worth more then it is. There is a person sitting in a bank somewhere who has never been to the home, doesn't care what it looks like. The only thing they care about is getting a acceptable price. The asking price.

There are great deals out there all it takes is the ability to find and reconize them. Give me a call or visit my website and I will find one for you also!