Find bank owned properties and foreclosure property with mls online map search. What must you do before you buy foreclosed homes in Whitter, California?
Buy bank owned properties and you'll get rich quick! That's what those late-night bank repo home TV infomercials would have you believe. But it's not often the case. Banks want to get as much of their investment back as possible from their REO (real estate owned) homes and properties. First look up price comparison data so you don't end up paying too much for your 'bargain' Whittier real estate. This web page makes it easy, just allow a bit of time for all the features to load. Then contact me, Whittier agent Bob Ulrich, or call 562-947-8125. I'll help you make the best possible bid for you, not the bank.
The most important thing that you can do when you're buying foreclosures and lender owned properties is to check recent local sales for comparable homes. Most bank repo or lender owned homes or properties in Whittier are being sold at market value, some even get bid above! Do your homework!
Fortunately this lender owned mls online map search program has an astonishing amount of research already done for you. Each little house on the map represents one of the area's REO owned properties. All of the other 'special conditions' categories have been filtered out.
Putting your mouse over a house icon will bring up a "Property Details" box. Select the "View Details" hyperlink. The newly opened page has a huge amount of information on financial institution owned properties that goes way beyond the typical beds, baths and square footage that you usually find on the internet.
Explore the tabbed chart below the photo gallery. Choose the "Market & Analytics" tab. In that section you'll find a very useful price trends chart and my favorite feature, a list of 10 nearby recent comparable sales. You can click on each and compare them.
Be sure to check the sales dates. A bank loan appraiser will typically only use comparables that are less than 6 months old within a one mile radius. The chart can contain Whittier home sales that are almost 2 years old.
The purchase of Whittier bank owned properties can be tricky. From offers to disclosures and closing you'll need a seasoned Whittier real estate agent to help you get the best deal. Call or contact me, Bob Ulrich at 562-947-87125