Complaints of Short Sale and Bank Owned Buyers
Complaints of Short Sale and Bank Owned Buyers
Nearly 40% of the home Sales in Asheville area is bank owned short sales and foreclosures. Distressed properties are well known for their value but they also have a reputation for causing buyers to become distressed, too!
Transactional snafus, takes some time to hear from the lender, last-minute surprises and long, drawn-out escrows that never close seem to be par for the course.
Instead of avoiding these properties altogether, get educated about the most common dramas that go down in these deals, and how you can avoid falling victim.
I read an article from the National Association of Realtors that may be helpful understand bank owned and short sales properties. Check it out. http://bit.ly/jNY42y
Asheville Real Estate that includes Waynesville, Weaverville and Maggie Valley Homes as well will continue to increase inventory in short sale and bank owned properties over the next year.
I am certified Bank Owned and Short Sale Broker and ready to help you with dealing with these types of investments.
