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But before you do there's one last factor to consider: the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared.
Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area. Online services: Other online services, such as Zillow , offer tools to look up foreclosures by certain characteristics or in certain areas. Step 4: Refine Your List of Lender-Owned Properties.
If the owners are trying to sell by means of their own resources -- a sign or classified advertisement, say -- it is still wise to keep a buyer's agent on hand. On the other hand, if there is no evidence of intent to sell, the agent can help you contact and negotiate with the owner.
In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. It is during those times that homeowners will really come to depend on their agent for assistance. Experienced agents are familiar with this dance. They feel insulted. It can get ugly.
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