REO For Sale West Babylon As Of 6/20/10
There is 1 REO property for sale in West Babylon.
There were no REO properties that went under contract for last week.
There was only 1 REO property that closed last week:
Cash is King when purchasing REO & Bank Owned properties. And having your offer at asking price increases your chances of getting that property. You will find being outbid over and over again is what happens so don't be surprised when this happens.
When you find an REO property that you want to purchase, you or your Realtor have to verify the property taxes and CO's. You also have to pay the transfer tax which is: $2.00 per every $500.00
Also, get a home inspection. If you do not, and discover you have to bulldoze the house and start fresh, we are talking $20 -30k for that alone. A home inspection is money worth spent!
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