Buying a Bank-Owned Property, here is how we can help you make a good deal.
A Bank-owned or REO property is one that has reverted to the mortgage lender. Once the bank owns the property, it will handle eviction (if necessary), pay off tax liens, and may do some repairs. REOs are a significant part of the housing market and can be great deals for buyers, but there are some things you need to know before investing in one.
Be aware that REO properties are not automatically bargains. Banks are in business to make money, so they price their homes competitively. Some REOs are discounted because of severe damage or location, while others may not sell for much of a discount at all. Get an independent appraisal to determine a home’s true market value.
Additionally, understand that REOs, some of which have been vacant for months or even years — generally are sold “as-is” with no warranties of any sort. Hire a professional to inspect the home before committing to purchase.
Our trained staff at www.huahinproperty94.com will help you go thru the process, from finding your property until it’s yours. You need to be patient and understand that these kinds of sales do not happen like in the west.
We will charge you a service fee for our work.