Due to the current state of the real estate market in the Twin Cities, economic conditions… short sales are probably here to stay for awhile. There are some challenges to short sales that can be overlooked. I’m touching on this topic because I have been showing quite a few short sales lately especially in the [...]
Making an offer on a bank owned home
April 10, 2009 By 2 Comments
It’s definitely no secret, foreclosed properties are dominating the market in Minnesota and elsewhere. With close to 50% of pending or closed transactions going the way of the lender. Deals are to be had on bank owned homes, hindsight be prepared to wait a little longer, repairs are on the buyer and a little patience. [...]
Watchout for wicked provisions when dealing with Bank Owned homes
July 7, 2008 By 2 Comments
With all the offers going around on bank owned homes these days and only projected to be more. It is important to understand what exactly you are getting into. Banks usually have their own addendum’s or contracts that take precedent over local or state contracts. Most banks also would like to see a home close [...]
