BROKER: DPR Realty

Discover the Value of Bank Owned Real Estate

"BANK OWNED" REAL ESTATE, DEFINED

Understanding how to buy Bank Owned Real Estate is important today.  Also known as REO, these properties are often great homes that have been well cared for by the previous owner, who simply found themselves unable to maintain the financial obligation of homeownership. 

Beware of the common misconception that all REOs are a good buy.   Banks which own real estate will most likely make a sound decision to sell their property for as much as possible, although they have been known to sell their property at very attractive "lower-than-market" prices to avoid holding on to a bad investment such as homes sitting vacant in a down market for extended periods.

To determine if the list price of the bank owned real estate is a good value, let your REALTOR get comparable home sale prices ("Comps") for you.  This will tell you the prices of most recently sold homes.  It is also wise to get a professional to estimate your cost to repair the house before you live in, lease, or sell the property.  Let your REALTOR help you add up the determining factors so you will be sure the property you buy is a good value today and the future.

YOU WILL SEE WHAT IS CURRENTLY AVAILABLE

Let us take you to see these fine homes.  We leave every Saturday at 11:00 a.m. and view approxmately 7-10 homes over a 2 hour time period.  We will give you a checklist and several helpful tools so your time is well spent.

SHOP WITH THE POWER OF A CASH BUYER

Our aim is to get you into the best house for your investment - THE MOMENT YOU ARE READY.  So to help you with efficient use of time when house hunting, we give you the opportunity to get prequalified with a loan officer on site.   So your financial work will be done before the moment you are ready to decide on the best house for you.

CALL NOW FOR YOUR SEAT ON THE CARAVAN

We will send you the directions to our meeting place, and reserve your place.  Let's hear from you today: 480-206-3969

WHAT YOU WILL NEED

Wear comfortable shoes, be well rested, and ready to look inside and out of 7-10 homes quickly.  We will have complimentary water bottles and snacks for you.  If you wish to bring a notebook to write comments, and a camera to help you remember features of a home, that is also a good idea.

QUESTIONS?

If you have any questions, we'd like to hear from you today: call 480-206-3969