Buying a Bank-Owned Home - Boise Idaho Real Estate - Part 2 of 7
Part 1
Part 2 of 7 part blog on what I have experienced from a Boise ID buyer's agent point of view in working with bank-owned homes for sale in the Boise ID area. This is intended to help homebuyers to become better educated with the process of buying a bank-owned property. Short sale homes are in abundance right now but I have seen from experienced that the bank-owned homes are where you can currently get the most "bang for your buck" without wasting a whole lot of your TIME and emotions.
2. What to Expect When Looking at Bank-Owned Properties
The condition of bank owned homes for sale can vary - It is amazing what is out there....
Do you want move-in ready or not? That is the question.....
There are bank-owned homesyou will get a steal on and have to do some work ...
With the help of an experienced bank-owned-home agent, you will work as a team to find the "gems" at a absolutely great price.
One thing I will guarantee: When the good clean deals are put on the market, other buyers will see them too! I send the new bank-owned properties to my homebuyers in the early evening. This way they can contact me to set up an AM showing if a steal-of-a-deal comes up.
For the most part, there are three particular items I see in need of repair with most bank-owned properties more than any other items:
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Interior Paint
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Carpet replacement
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Yard needs water and trimming
Whether it is a brand new home or a 1970's house with an in-ground pool and acreage, your real estate agent will most likely be able to find a fit. Narrow down the area and get out there and look at these bank owned homes in person! Pictures just ' to some houses justice.......
Next Part 3: Coming up with an offer amount
Eric Bracht E-Pro
www.AgentIdaho.com
www.AgentIdahoBlog.com
Market Pro Real Estate
208.991.4552
Eric@AgentIdaho.com
Buying a Bank-Owned Home - Boise Idaho Area Real Estate - Part 2 of 7
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