I sat down with Israel Barden, our REO & bank owned expert with Coldwell Banker here in Big Bear Lake, for a quick video discussion on the 3 most important things buyers in this market need to understand about buying a bank owned property. [youtube]https://www.youtube.com/watch?v=BWoSVKChFPo[/youtube] There are many factors to consider when buying a bank owned property. If you are thinking about a bank owned purchase, be sure to talk with your real estate agent and lender first. A bank owned purchase can be … [Read more...]
List Price, Sales Price, and Market Value.
October 7, 2008 by Leave a Comment
A lot of buyers today get caught up in what a property is listed for and how much they can get off of the price. They think the more off the price they can get, the better value they are getting. While this might be true in some cases, it can be false in others. Buyers should be more concerned with what the value of the property is, not what it is listed for. Take a look at the video below for more details on a specific example I came across. [viddler id=8277b8d2&w=437&h=368] (Note - if you are viewing … [Read more...]
