As stated, this particular property is a shortsale in which case the owners are not profiting and the bank is most likely taking a loss. The owner doesn't usually have the financial resources to make repairs. People have the tendency to think the home is in need of major repairs, sometimes it does and sometimes it does not.
This home is currently under contract, but the best thing to do is to contact a REALTOR, get together to scour the MLS, then tour the selected homes together.
For more information on short-sales and listings please visit my site: http://www.CarlosCardo.com
or if you are driving around please download my FREE APP. Having a Buyer's Rep is important.
USING YOUR SMARTPHONE?- Just go to your APP store and type in:
REAL ESTATE HAMPTON ROADS - Look for the big RE/MAX Balloon and download.
Happy House Hunting!
Sincerely your Professional Homebuyer's Rep,
Carlos A Cardo â€“ Assoc Broker, RE/MAX Alliance
CRS, ABR, GRI, CSP, SRES, CNHS, RCC, CDPE, e-PRO
Direct: 757-971-3574 Toll Free: 866-971-3574 FAX: 757-282-6717
Licensed in Virginia
Don't forget to download my free app:
Real Estate Hampton Roads