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tips: 5 Reasons to Pass on Buying a Distressed Single Family Home
- 07/27/11 11:50 AM
When a great deal on an REO (lender owned) or distressed single family home opens up, there isn’t a lot of time to consider before making a bid on the investment. Some potential buyers may find it hard to resist an appealing price tag. If you are one of those buyers, first consider these 5 criteria for what Bay Area Recovery and Reinvestment would deem an “immediate pass.”
1. Nearby Commercial Sites – Noise and the comings and goings of a commercial property will drive renters away and drive down resale value.
2. Square Footage to Number of Bedrooms – A 3 bedroom … (0 comments)
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When a great deal on an REO (lender owned) or distressed single family home opens up, there isn’t a lot of time to consider before making a bid on the investment. Some potential buyers may find it hard to resist an appealing price tag. If you are one of those buyers, first consider these 5 criteria for what Bay Area Recovery and Reinvestment would deem an “immediate pass.”
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