The foreclosure game

If you are going to play the foreclosure game here are a few ideas that may help you get that investment home or dream home.

One rule a thumb is if a home goes on the market in The Sarasota, Manatee or Charlotte County areas for lets say 30k you want to put an offer in faster than a speeding bullet and offer full price or more.

The reason is every other investor or potential homeowner is waiting for the same home to come on the market.

If you put in a low offer hoping to for a counter you will likely hear something from your agent about you lost out as there were multiple offers.

Another bit of insight a number of lenders stick to their appraisals for the first 90 days the home is on the market.

So if a foreclosure home looks overpriced for the market and is not selling if you wait out the first 90 days.

If you make a very low offer on that home where you think it should be priced the offer will likely be rejected, not countered, rejected.

All the best
Greg Owens P.A.
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com