Months ago I asked either here on ActiveRain or in another forum, how to get involved with listing bank owned homes. I really thought it would help my business and generate some sales, a a very wise agent, and I am sorry I do not remember who you were, told me you do not want to be known as the REPO agent find the buyers. Since then my business has been focused on finding buyers for bank owned properties. I am seeing some decent success at this niche market. Educating buyers to the fact that they do not have to use the listing agent - or what they call the bank's agent has been the biggest obstacle.
Many buyers believe they can not ask for repairs - this is untrue. Banks will not do the same repairs an owner occupied seller would but they will do some repairs. I have had banks agree to replace wall heaters, fix plumbing and replace septic systems.
Buying a bank owned home in Central Oregon can be frustrating, because the good ones generally sell quickly, they are priced right and clean. Most of my buyers know a home is coming on the market before the public. When you subscribe to my automatic listing program you will receive a copy of the listing about 24 hours before it hits the public sites.
If buying a bank owned home anywhere in Central Oregon is something you have considered sign up below, no obligation and no spam I promise.