Bank owned properties dominate the headlines in today’s real estate world. Rightfully so, they are setting the pricing standards in most areas while comprising roughly 20%-70% of the current closed sales for many areas in our Nation.
Here are a few recommendations for sellers that want to sell in this market and what they can learn from their bank owned competitors.
The key point here is that banks have to sell their properties. They are willing to take much less than the competition to get the sale done. If you do not absolutely have to sell your Big Bear property, then right now is not the time to try.