Highland Homes for Sale and Bank Owned Foreclosure Homes Highland Utah

By
Real Estate Broker/Owner with Home Buyer Realty Utah 5707835-PB00

Highland Homes for Sale and Bank Owned Foreclosure Homes Highland Utah

Banks are not in the business to hold onto an inventory of homes. They want to get rid of these homes yesterday. This makes for a great opportunity for you, the home buyer or investor, because most of these homes are well below market value. Once the bank owns the property they will handle eviction if any, take care of some repairs, pay past HOA and/or other maintenance dues, and then will negotiate with the IRS, removal of tax liens, if any.

How do banks sell Highland REO’s (Real Estate owned by the Bank?)

Most banks have an REO department that handles the sale of these properties. They certainly would like to get the best price of course. When you make an offer, the banks will usually make a counter offer. Don’t be surprised to get a higher counter offer than you might expect. Banks want to show their shareholders and investors that they are trying to get the highest possible price for the house. You should counter the counter offer. Your offer will likely be reviewed by an approval panel. Even after they accept your offer they include wordings like“subject to corporate approval”.

Condition of the County Property Highland Utah

These homes are almost always sold “as is” with the right to inspect. You incur the inspection expenses (termite, general home inspection, mold, etc.). An inspection contingency period must be included in your offer that will allow you to terminate the sale if any of the inspection reveals damage that the bank will NOT correct.

Make sure you have someone representing you who understand this process, when you are trying to negotiate on a Bank owned property. It is important that you have someone who knows how to handle repairs and all the steps necessary for a smooth closing.

Highland Bank Owned Foreclosure Properties

Highland Short Sale Properties

Check out the IDX Websites with Highland Homes for Sale in the following locations:

StateofUtah homesforsaleHomeSellingUtah

Homesavailable forSale inUtahCounty

HighlandHomesforSale

Posted by

Home Buyer Realty Utah, LLC
Robert A. Hulme - Broker, Owner
801-885-2586

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Utah Utah County Highland

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
245,494

South Utah County Realtor

Home Listing Partner
Ask me a question
*
*
*
*
Spam prevention

Additional Information