Many potential home buyers are looking for a great deal.  That is why many of them are thinking about buying a bank repo or a short sale property.  Many buyers may be surprised that the best deals out there may actually be owner occupied homes in great condition that are priced a little bit higher than bank repos, and a lot higher than many short sales.

Number One:  Since you can make a decision immediately, buyers don’t have to wait for days, like they do for a bank owned property, or for weeks or months, like they may have to do with a short sale.

Number Two:  Most sellers are willing to counter a fairly good offer.  If a bank repo has 6, 12 or 24 offers, they don’t even bother to counter most offers.

Number Three:  Your home is probably in better condition than a bank repo.

Number Four:  You have spruced up the house, and it looks like a very welcome home.

Number Five:  You have staged your home to make potential buyers love it.

Number Six:  Many bank owned properties will require too much money in repairs just to get them up to neighborhood average condition.  I have seen many bank owned properties that will require $30,000 or more in repairs or upgrades next door to upgraded homes that won’t require any work that are priced within $10,000 of each other.

Number Seven:  Often, banks will not do any repairs or pay for any termite treatment.

Number Eight:  Your house still has all the appliances; and they actually work.

Number Nine:  Your house still has toilets.

Number Ten:  Your house is clean, furnished and looks lived in.  It’s a home that someone wants to make their home.