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Viewing Vacant Bank-Owned Homes-Short List of 5 Viewing Surprises
Today, a Buyer and I were viewing homes and most of them were bank-owned and vacant.  Bank-owned (R.E.O.-Real Estate Owned) properties are fine and sometimes they're even exceptional deals.  But you really never know what you're going to get, though, when you finally get there to take a look. 

1.  Getting the Property on "The List" of Homes to be Shown to a Buyer.  This can be the easiest or the hardest thing to accomplish.  First, the home must be priced very well for Buyers to take notice of it, especially with the large number of bank-owned properties for sale in our Central Florida area.   
2.  When the Buyer Wants to View the Property, the Buyer's agent needs to get showing instructions.  Thank goodness for the "ShowingDesk" button on our MLS.  All we have to do is click that button and the showing instructions miraculously appear--unless the listing agent hasn't recorded any instructions, which happens very often.  Sometimes, those instructions are incorrect or are outdated.  If the ShowingDesk button isn't activated, then we have the option of calling the listing company or agent.  When viewing one property recently, I had gotten the showing instructions from the ShowingDesk button (it was a combination lockbox ... more

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