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Tips on getting your offer accepted on a Big Bear Bank Owned Property.
 
With the increase in the amount of bank owned listings in the Big Bear MLS, the chances that a buyer will be dealing with a bank as a seller is also increasing.  Even a savvy real estate buyer or investor may be trying tactics that worked in the hot market but are now losing their effectiveness.  In order to compete in this changing market there are a few things to keep in mind and use to your advantage when trying to get the price you want on a foreclosed home.
 
Realize that you are not the only one looking at the property.  Even though this is a slow market and many people are hesitant to make a move with so many uncertainties, there are still other buyers out there.  One common mistake I have seen with potential buyers is their assumption that they are "the only ones crazy enough" to be considering buying a place.  Not only does this frame of thinking give the buyer a false sense of having the upper hand in negotiations with the bank, it also cause the buyer to believe they have all the time in the world to decide if they want make an offer.  Neither of these beliefs are true.    The good ones get multiple offers, ... more

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