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Foreclosure in Melrose Park : Real Estate Advice

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  • Local Info2
  • Home Buying7
  • Home Selling2
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Activity 3
Ron Thomas, Real Estate Pro in Fresno, CA
Sat Mar 16, 2013
Ron Thomas answered:
It is perhaps a coincidence that the LISTING PRICE is the same as the ASSESSED VALUE:
Usually, they are not tied together in any way.
The Bank will do a BPO, to determine the Value.

As a Buyer, you cannot worry about anything except the Market Value; The Appraisal will not let you go higher and you should not want to pay over Market; (maybe if you really, really love it, a little more).

Have your Realtor do a CMA to determine Market Value.
... more
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John Sommese, Real Estate Pro in Orland Park, IL
Tue Apr 8, 2008
John Sommese answered:
Tracy,
There are some villages that have pre-inspections that will give you a list of the repairs required by the village. In most cases the listing agent will have a list of the repairs as well as any escrows that need to be set up. An escrow for repairs is an account set up where the buyer will have to put up money to guarantee that the repairs will be completed in a timely manner after the closing. ... more
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Foreclosure in Melrose Park Zip Codes

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