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It really is no surprise that I am seeing more and more REO, Bank owned, repo'd homes for sale in the mls.... Many of these homes offer the savy home buyer alot of equity in exchange for a little elbow grease. For example, a buyer just picked up a great home for 140,000 it needed about $5,000 of work and new appliances, other homes on the same street, same style are selling for 180,000! After the deal was done, the rep told me that my buyers where the only buyers who put in an offer, and that they held out waiting for a better offer but eventually they had to sell! This is what is happening to folks. Banks have properties, in many cases alot of them and few are purchasing them, lets make the bank an offer !!

If you would like a list of the bank owned properties in Hampton roads ( Tidewater ) call me today and I'll be more than happy to get you a list.