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Big Bear Bank Owned Homes – Assumptions Are Not Always True

There are a lot of assumptions about buying bank owned properties in Big Bear. Here are a couple that I see a lot. 1. Banks or REO sellers will take a lot less than the list price. 2. The listing price for a bank owned property is going to be aggressive. Click here to see embedded video. The fact is bank owned homes in Big Bear are selling closer to the list price than organic sales, 97% vs. 95%. Many times, banks will price their properties so aggressive that they receive multiple offers that go over full … [Read more...]