
What is the best way to buy an REO property?
I want to buy a house owned banks in Miami for what I been looking on realtor.com websites and ZipRealty. I recently found a very interesting property owned by a bank and houses going through foreclosure are sometimes not in the best conditions, I sent an email to request a real estate agent for more details. It said that the house needs a lot of work, a design that is rare, and there is no open permit, I called the county and the last statement is false (no license opening). Right now I'm confused: Not knowing if Be honest and tell me everything you know or if she tries to convince me do not watch because it does not receive a good commission. Are there agents who specialize in real-time property (bank owned) of properties?
I do not know if the county does not know what the structures are modified or added without permission, but the salesperson. Ask the salesperson that you want to see the property in person and check. To ensure that no one knows addtions done without permission, but since the estate agent said that the case should be able to point to you, and the work they must do, you will. Indeed, the Bank properties prisoners are generally paying more or less the same committee, which normally houses on the list. – Sales of short pay less. In today's market almost every real estate agent is a foreclosure specialist full-time Bank. Most seizures bank listed in the MLS and take care of them on a daily basis. My advice would be to ask the salesperson to show the property for you and also to show properties that meet criteria similar in the same area. Then you see if you get a good deal on the purchase of foreclosure or if other, may be better deals around.
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