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Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area. Step 6: Make an Offer.
However, with proper preparation, the right tools , and an understanding of the market, FSBO sellers can potentially overcome these hurdles. Online valuation tools can provide a starting point, but they may not account for recent upgrades or unique features of your property.
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