Follow this Link to the latest Updates on Bank Owned Potomac Properties
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1546277X4874&p=DE-88737965-84
Bank Owned or REO (Real Estate Owned) Properties can often be the best way to take advantage of this amazing buyer's market. Once the bank takes possession they begin the notoriously slow process of listing the home for sale. First they determine if the property is still occupied. If occupied they begin the eviction process. If vacant, they secure & rekey, order a BPO (Broker's Price Opinion) & assign an agent etc.....
When the property finally hits the market ... it will likely be priced well below current comps.
It is vital to be ready to take advantage of this opportunity when it hits the market! .... Most well priced Bank Owned Properties are seeing multiple offers during the first week.
The two things that must be done before your dream home hits the market are:
Get Pre-approved for your loan & find the right Real Estate Agent.
I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprededented buyer's market ... I would be glad to help.
rick.boothe@longandfoster.com 301-793-6796
*This information is deemed reliable but not guaranteed.
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