Hello AR family. I have had quite a few od the same questions from my buyers- most are first time home buyersso of course they are so new to this and have more questions that could have your head spinning. As I stated in a previous blog, there has been a great increase in foreclosed homes on the market. As my buyers surf their daily emails from me, there are quite a few homes that spark their interest that are bank owned properties.                     

I would say that only 5% of them would be capable to do the repairs that are required but I know they are looking at the price rather than the quality of the home. I try to instill that but as you know there is a grey line and I would not want to be accused ofsteering. Also with the homes bank owned- it does not leave room for any negotiations or to wrap closing costs into the offer. Of course I express this to the buyers, but I think most have watched too many of those flip that house shows on TV. Any suggestions to guide these eager dreamers?