Amy's Blog
Making an Offer on an REO
When making a decision on how much to offer there are several things to consider. 1. What are the comps? Have your agent (and it shouldn't be the listiing agent) pull the comparable sales in the area. Determine what you think the value of the property is. 2. Now that...
Real Estate Advice: Low Appraisal for Refinancing
You can always try again. It's just going to cost you each time you have to order an appraisal. When an appraiser is assigned you should make sure that this appraiser is familiar with the area. if the appraiser is from out-of-the-area, then you can request a different...
How Long Does it Take Banks to Respond to an Offer?
When it comes to REOs (or bank owned properties) the banks are much speedier than when responding in a short sale. The reason being, the bank is the actual seller in this situation and they have set the price themselves. REOs work much like standard sales with more...