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Karen Parsons-Fiddler
"Southern California Real Estate"
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Hi!
I'm an experience realtor who leads a team of agents who specialize in the different aspects of real estate. We are a full service realty group! ... show more
I'm an experience realtor who leads a team of agents who specialize in the different aspects of real estate. We are a full service realty group! ... show more
Karen Parsons-Fiddler answered:
Hi Rob,
Bank-owned homes and investor owned homes (flippers) are listed on the MLS for sale and you can view these with any Realtor. The fact that you've been pre-approved will definately give you an edge in making offers on these homes.
Normally these homes are listed lower than the price they are wanting to get and so we do end up in bidding wars. But if we can present you as a solid buyer who is ready to move....you can really get some great deals. The banks are interested in price....but also more importantly is someone who can close. A great price is only good if it closes....so the package we put together is very important.
There are quite a few homes on the market right now that are bank-owned....and more and more equity sellers are coming on as well. Those are also worth looking at.....they are clearly people who are motivated to sell and have room to bargin....plus they can make repairs and concessions.
There are lots of options out there....I'd be happy to email you a list of foreclosures to start with if that would be helpful. If you shoot me an email...I'll return your email with some foreclosures in the area you like.
Karen
Bank-owned homes and investor owned homes (flippers) are listed on the MLS for sale and you can view these with any Realtor. The fact that you've been pre-approved will definately give you an edge in making offers on these homes.
Normally these homes are listed lower than the price they are wanting to get and so we do end up in bidding wars. But if we can present you as a solid buyer who is ready to move....you can really get some great deals. The banks are interested in price....but also more importantly is someone who can close. A great price is only good if it closes....so the package we put together is very important.
There are quite a few homes on the market right now that are bank-owned....and more and more equity sellers are coming on as well. Those are also worth looking at.....they are clearly people who are motivated to sell and have room to bargin....plus they can make repairs and concessions.
There are lots of options out there....I'd be happy to email you a list of foreclosures to start with if that would be helpful. If you shoot me an email...I'll return your email with some foreclosures in the area you like.
Karen
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