what is a bulk sale. on a home

Asked by Isidragil, Phoenix, AZ Sat May 18, 2013

This question was asked from this property: http://www.trulia.com/property/3114028693-2339-S-13th-St-Pho…

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Isidragil, Home Owner, Phoenix, AZ
Sun May 19, 2013
where did you find that the property on 2339 S 13st is on a bulk sale?
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Shelly Jenki…, Agent, Glendale, AZ
Sat May 18, 2013
Typically a "bulk sale" will involve more then one property. Looking at this particular home the listing states " AS-IS SALE. 5/10/13 This property is involved in a bulk purchase offer. Offers can be submitted but won't be responded to until a decision is made on the bulk offer (2-4 weeks)".
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Robert Smith, Agent, Phoenix, AZ
Sat May 18, 2013
It can be more involved, but in general and typically, it is the sale of multiple properties, sometimes dissimiliar and or sometimes a large group in one complex, such as condos.
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Suzanne MacD…, Agent, Succasunna, NJ
Sat May 18, 2013
Generally the term 'bulk sale' refers to a group of foreclosed homes, sometimes 100 or more, that are sold as a package, thus sold 'in bulk'. Those properties can then be sold individually for a profit. Banks asset managers have been selling homes this way to large investors in order to get the foreclosed homes off their books quickly. If you are considering purchasing such a home, just be sure to conduct a thorough home inspection to check for hidden damage.
0 votes
we put a contract on a house, while on bulk sale. what are the chances that the house will be released for sale?
Thank you,
Flag Sat May 18, 2013
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