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Purchasing Bank Owned Homes,
by Mark Horan


Welcome > For Buyers > Purchasing Bank Owned Homes, by Mark Horan ...

Everybody Is Looking For A Deal! 


In Todays market, every buyer wants the best deal possible. Bank Owned Properties are the way to get this accomplished. Bank Owned Properties are setting the current market and are advertised below appraised value.  

Currently there are first time home buyers and investors looking over each property as they are released for sale by the lenders. They are reviewing each and every property and scooping up the good ones. It isn't uncommon for properties to bring 20+ bids and to see for above asking price. Even above listing price can yield great deals. Some lenders price homes way below appraised value to simulate an auction. This way they create demand for a particular home and have multiple buyers bid the property to the highest selling price possible. 

Bank Owned Properties represent the bottom of the market. Current reports show that inventories are declining and sales are increasing. Prices are the next to follow.  

Let The Resident Team help you purchased a Foreclosed Property today. We can send you Foreclosure lists. Better yet, we can set you up on our V.I.P. Buyers Program and customize the list just for you in the area that you want to purchase your next home.  

Call today! 407-301-0312 or email us at markhoran@NUMBER1EXPERT.com for the best deal in Todays market 

It's our job to know EVERYTHING about real estate! Ask us anything. There are no dumb questions! It's FREE, and we promise to get back to you quickly... 

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Real Estate Tips
Bargain Properties >The Inspection Report

Are you looking for a home and becoming tired of house-hunting? If so, you may be tempted to buy a bargain-priced home "as is" and forego the home inspection. But without the inspection report, do you know what the "as it" refers to? Wouldn't it be better to know what condition the home is in before you buy it?

The inspection contingency allows the buyer to enlist the services of a licensed home inspector within three to seven days after the purchase agreement is signed. The inspector will go over the property from top to bottom, evaluating the condition of all the basic systems and structures of the home in order to identify conditions that may be considered material defects and thus may affect the market value or the safety of the home.

The inspector's report is the only documented proof of the actual condition of the property that is being sold. It is a valuable tool that helps you negotiate the sales contract and gives you information about future maintenance projects. The cost of an inspection is well worth the peace of mind it provides.

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Real Estate Trivia
Q 
What weighs 320 tons and is considered the largest single block building?

A 
Pyramid of Mycerinus (Third Pyramid) at El Gizeh, Egypt is the largest single block building and the world's oldest pyramid.
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Resident Team Realty, LLC, REALTOR®, real estate agent and broker for Orlando, Kissimmee and St. Cloud, Florida home listings, property and land for sale - NUMBER1EXPERT

Mark Horan
Resident Team Realty LLC

1813 West Virginia Dr.
Kissimmee, FL. 34744
Phone: 407-301-0312
Fax: 407-426-1101
Email: markhoran@NUMBER1EXPERT.com

The Resident Team welcomes anyone looking to buy or sell their home. We use all the latest technology to search, market and get the results that you desire. You will be kept up to date all along the way. We are a partner you can trust. Don't just listen to us, read the testimonials of our past clients on our web-site, they are our true voice. Buying or selling a home can be the most stressful activity that a person can experience. It doesn't have to be that way! The Resident Team will strive to make it exciting and enjoyable! Contact The Resident Team today for your Professional Real Estate experience. We specialize in Bank Owned Foreclosures.

Equal Housing MLS REALTOR


Resident Team Realty LLC

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