If you’re looking to buy a home or condo in San Diego or Chula Vista home repos meaning “foreclosures, bank owned homes or REO’s” there is a new interesting way to buy them. You can go on a Home Repo Tour Bus. Hmmmmm … I had to think about this for a while. Does this really work out in the best interest of the buyer? It’s hard to believe it could.
Let’s dissect this a little bit. Bob and Sue are going to buy a home in San Diego County and let’s just say they’re considering buying in the Chula Vista area. They can contact a Realtor who specializes in Chula Vista Real Estate and get one on one service or they can go on a Home Repo Tour Bus and compete for the same homes with 30 other people. What I’ve also noticed is that companies offering the Repo Bus option will show you mostly if not exclusively their REO listings and not all of the REO’s on the market. This means Bob and Sue are only seeing a small portion of what’s actually available. This can be very short sited for a buyer but the real estate repo bus companies love it.
So you jump on the repo bus and what you’ll see is that the nicer more desirable foreclosures are the ones that everyone wants to put offers in on. I wonder how that gets dealt with fairly. Bob and Sue now have to get the agent to submit their offer in with 5 other offers to the company that has the REO. Hmmmmmm…… Be careful. There is a better way… a much better way.
You should hire a local real estate expert to help you find a home one on one. They will dedicate the time to help you find the right home at the right price. They will also show you all of the foreclosures not just the ones they have for sale. Also there are many good deals that are short sales and just regular listing that you won’t ever see on a rep bus. Please take my advice don’t get crammed into a repo bus when you can have a professional one on one relationship with a real estate agent who is working for you and only you. It makes all the difference in the world!
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