Often the Bank Owned Homes are a very good investment opportunity. You can easily purchase a house at cheaper rates and then remodel it and sell it at a higher price to make a considerable profit. You can inspect the house easily before purchasing it. Even after the repair charges, these properties can yield you a lot of profit at resale. You can also rent such a property and then use the rent to pay off the mortgage. Even after the repairs you can easily make 50%profit on such properties. The value of the remodeled house amounts to 50-60%of the current market value of the house. Even if you are buying the house to reside in it yourself, then you are getting a home at much cheaper prices than the market rates. All you will have to do is to pay the mortgage but without any heavy payments.
As a REALTOR®, I have access to large amounts of information. However, there is a select group of people who are trying to sell you information on these homes. I will give you the information for FREE!!.
Through my experience handling distressed properties, I've found that homeowners today have more questions than answers about their circumstances.
As a Realtor with the CDPE, SFR, A-REO™ & BPOs Designations, I have a strong and unique appreciation of the factors affecting the
If you would like to know more about your options, please call me at (757) 639-5626.
I am here to help … in any way I can.