Daytona Beach Florida Area Foreclosures, bank owned homes and short sales

By
Real Estate Agent with Keller Williams

Are you interested in purchasing a foreclosure home in the Daytona Beach or New Smyrna Beach area but aren't sure where to start? I can help.

The brokerage I work for has been handling bank owned REO properties for almost 10 years. I was working with short sales long before many agents even knew what they are. I have 4 years experience in this market.

We work directly with the largest banks and lending institutions in selling off their unwanted assets.

I have worked with people who have been told by other agents to avoid short sales and bank owned properties. This is foolish. When I see the prices my buyers pay vs what other buyers pay, I don't understand it. The foreclosure market has its positives and its negatives. The positive is mainly the price. The negative is some bureaucracy. Agents with experience can navigate the bureaucracy with little problem.

Ask yourself:

Does your agent's leadership have many years experience in selling REO properties?

Does your agent know the REO system and work with it every day?

Does your agent know, and have regular contact with, the decision makers?

Does your agent know what REO properties are coming to the market and how they are priced?

Does your agent's brokerage manage and maintain REO properties and know what problems the property may have?

Is your agent investor friendly and understand MAO, ARV, the time/value of money, and the cost of hard money?

Is your agent "deal oriented" and want you to be successful?

Is your agent realistic about the market or do they see the world through the rear-view mirror?

Does your agent know the advantages of buying REO property and how to maximize them?

Does your agent know the negatives of buying REO property and how to avoid them?

Does your agent know when a price change is coming?

 

For more information, go to DAYTONABEACHREO.COM

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