Every since I can remember it has been debated as to whether or not it is beneficial or detrimental..... to say that a property is a foreclosure in advertising that property. Of course it is the client's choice on the matter and personally I have always respected that choice, and followed the client's instructions, as one certainly should.
But nevertheless the debate goes on. My personal feeling is that is doesn't hurt and it may even help to say something in the ads. The prospective buyer is going to find out eventually one way or the other. Sometimes sellers are worried that a buyer prospect will offer less if it is a foreclosure. My personal feeling is that a buyer is going to offer whatever he or she wants to offer, no matter what is beingmadvertised, particularly on the first go round of the negotiation process. I believe the mere fact that the word "foreclosure" appears in an ad is not going to cause a buyer to run away either. I feel that the opposite is true and that by saying a duck is a duck more folks will call because it is
. In this day and age a seller of a foreclosure should seriously think hard about putting too many limoitations his representative. It is difficult enough selling a quality home that is ready to occupy immediately, much less a foreclosure that more often than not needs substantial renovations.
If you sell foreclosures, do you recomend to sellers to advertise "FORECLOSURE" ?
I use bank owned i stead of foreclsoure