Foreclosures have a well deserved reputation for being some of the best deals that home buyers can get. Banks often want to sell their supply of homes for a reasonable price and move on. They are not emotionally attached to the house like a regular homeowner. In addition, selling a bank owned house doesn't require extra paperwork and approval time like a short sale would.
When you put an offer on a bank owned home, you can expect an answer back from the bank within a reasonable period of time and get a good price in a market where prices are already super low and so are interest rates. Buying a foreclosure is one way to improve your chances of experiencing a fast, smooth transaction from the first offer to the close of escrow. To find a buyer's agent, call 661-305-0385.
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