1. Why buy a bank owned home now? Has the market hit bottom?
2. How are you going to get a REAL STEAL on a bank owned home?
3. What if YOU don’t know how to or don’t want to fix-up a house?
4. How can you get your taxes REDUCED on the house you NOW own?
5. What’s the difference between a Bank Owned, Forclosed, REO, and Repo?
1. Why buy a bank owned home now? Has the market hit bottom?
Anyone in any market of any kind (including the stock market) will tell you it’s impossible to tell when a market has absolutely bottomed. They’ll also tell you that if you wait until the bottom is officially “found” you’ll be too late to get the maximum benefit.
The housing prices probably won’t DECLINE much longer. One indication of this? Many bank owned homes are now receiving multiple offers - some sell for $5,000 — $15,000 ABOVE what’s being asked!
Bank-owned-home prices have declined to a price point that is approximately what the house would have been worth eight years ago! Interest rates are low now. The FED will have to raise interest rates at some point. The FED has signaled, “they won’t be going LOWER!” We’re in a “window” that won’t last forever.
Our economy has entered an inflationary stage with rapidly rising prices for everything from gas to food to clothing. The prices for almost everything it takes to build a house are going up. As the replacement cost of housing rises, it’s likely the price of existing homes will stop declining, pause, then rise.
Almost all the new home builders in the Victor Valley gathered together and agreed to stop building.
This action will help to reduce new home inventories.
The inventory of distressed bank-owned properties will begin to decline soon. Banks are not in the real estate business! The homes on their books negatively affects their ability to lend money - the ONLYbusiness they ARE in! The banks want the their vacant, deteriorating houses GONE , as soon as possible!
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2. How are you going to get a REAL STEAL on a bank owned home?
Our job is to facilitate that, but in gerneral terms:
“NO PAIN, NO GAIN”? Banks DO NOT want to FIX or FIX-UP houses! Most buyers don’t want to either! There is no real competition for damaged houses, and that’s where the STEALS ARE!! So, if you’re willing to do what OTHERS will NOT do, YOU WIN! Your Repo-specialist agent will help you quickly get bids on the work that needs to be done, so you’ll have a very good idea of what YOUR total cost to repair will be.
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3. What if YOU don’t know how to or don’t want to fix-up a house?
There is another segment of the bank owned home market that is still largely ignored!
The other segment of the market where there are real STEALS? Big beautiful, wonderful, roomy, luxurious and delicious homes! Many of these have asking prices that are up to 50% off what they sold for, or would have sold for, just two years ago! Have you dreamed of having a pool? Have you always wanted a couple of acres with your home? Would you like an extra garage? How about an extra small house in the back for a parent, or an attached casita? Maybe you’d like an office, a game room and, still have 3 bedrooms?
Go up ^
4. How can you get your taxes REDUCED on the house you NOW own?
Just email us today and Say, “I’d like the form and instructions to send to the tax assessor to reduce my taxes!” We’ll get it right to you!
Go up ^
5. What’s the difference between a Bank Owned, Forclosed, REO, and Repo?
They are all essentially the same thing. When a home goes into default, the bank takes ownership of it and then the bank puts the home on the market. REO is the official term used by people in the industry and stands for Real Estate Owned (Repo stands for Repossesed). ·
Why buy a bank-owned home now? Has the market hit bottom?
Anyone in any market of any kind (including the stock market) will tell you it’s impossible to tell when a market has absolutely bottomed. They’ll also tell you that if you wait until the bottom is officially “found” you’ll be too late to get the maximum benefit.
The housing prices probably won’t DECLINE much longer. One indication of this? Many bank owned homes are now receiving multiple offers - some sell for $5,000 — $15,000 ABOVE what’s being asked!
Bank-owned-home prices have declined to a price point that is approximately what the house would have been worth eight years ago! Interest rates are low now. The FED will have to raise interest rates at some point. The FED has signaled, “they won’t be going LOWER!” We’re in a “window” that won’t last forever.
Our economy has entered an inflationary stage with rapidly rising prices for everything from gas to food to clothing. The prices for almost everything it takes to build a house are going up. As the replacement cost of housing rises, it’s likely the price of existing homes will stop declining, pause, then rise.
Almost all the new home builders in the Victor Valley gathered together and agreed to stop building.
This action will help to reduce new home inventories.
The inventory of distressed bank-owned properties will begin to decline soon. Banks are not in the real estate business! The homes on their books negatively affects their ability to lend money - the ONLYbusiness they ARE in! The banks want the their vacant, deteriorating houses GONE , as soon as possible!
· #6: HOW are YOU REALLY going to GET A DEAL a bank-owned home?
Have you ever heard this: “NO PAIN, NO GAIN”? Banks DO NOT want to FIX or FIX-UP houses! Most buyers don’t want to either! There is no real competition for damaged houses, and that’s where the STEALS ARE!! So, if you’re willing to do what OTHERS will NOT do, YOU WIN! Your agent will help you quickly get bids on the work that needs to be done, so you’ll have a very good idea of what YOUR total will be.
· #7: What if YOU don’t know how or don’t want to fix-up a house?
There is another segment of the bank owned home market that is still largely ignored!
The other segment of the market where there are real STEALS? Big beautiful, wonderful, roomy, luxurious and delicious homes! Many of these have asking prices that are up to 50% off what they sold for, or would have sold for, just two years ago! Have you dreamed of having a pool? Have you always wanted a couple of acres with your home? Would you like an extra garage? How about an extra small house in the back for a parent, or an attached casita? Maybe you’d like an office, a game room and, still have 3 bedrooms?
· How can you get your taxes REDUCED on the house you NOW own?
Just email us today and Say, “I’d like the form and instructions to send to the tax assessor to reduce my taxes!” We’ll get it right to you!
· Here’s what’s happening: The tax assessor will not necessarily or automatically reduce your taxes, even though your house has lost as much as 50% of it’s VALUE! YOU DESERVE to have your taxes REDUCED to the current value of your home!
Copy Right Kort Linden
Apple Valley Real Estate.
