Now is the time to make offers on Main Line Bank Owned Properties
Yes, you read that correctly, if you are looking for a deal along the Main Line on a Bank Owned Property, whether you are an investor, or looking to live in a bank owned property NOW is the time to make an offer.
I have found from experience with clients making offers on bank owned properties through the year there are certain times when you can get a better deal. End of month, end of quarter and NOW, end of year!
The people at the banks dealing with these properties want to clear their books, so at the end of a month, end of a quarter they are willing to take less than the guidelines to clear the decks for the new homes they are going to be dealing with. So, here we are middle of October and those same personnel at the banks are already looking ahead to 2015. At the same time, they have this inventory from 2014 that has to be sold. For them it is a commodity, something to be sold and as quickly as possible.
Now is the time for you to make an offer. I don't mean make an offer of 5% off the asking price, we are talking about making an outrageous offer, an offer of 20 - 30 % below the asking price. Will it succeed every time? No! But there are many times where it will be successful and what have you got to lose.
Imagine, getting a home 20-30% off market price, is that interesting for you, then NOW is the time to act.
If you need help purchasing a Main Line Bank Owned Property contact Nick as soon as possible, these deals will be limited and you need to process the options, decide on tactics and what homes are of interest to you and act now to take advantage of this clear out mentality the banks have at the year end.
Nick@VandekarTeam.com or my cell 610-203-4543 is best way to reach me, But my office number is 610-225-7400.
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