Tips for Using the Remax Real Estate Bank Owned Foreclosure List
The Remax Real Estate bank owned foreclosure list is a great resource of investors and home buyers. The Remax list is packed with nationwide properties and includes single- and multi-family homes, commercial properties and raw land.
First time home buyers often utilize the Remax Real Estate bank owned foreclosure list to further maximize savings and reduce down payment requirements. Real estate investors also turn to the Remax foreclosure list to locate potential cash flow properties. Many properties listed through Remax can be used as rental homes, lease-to-own properties, or house flipping.
Business owners can locate a wide range of commercial real estate through the Remax bank foreclosure list including warehouses, retail stores, and industrial parks. Many properties are priced well below market value to entice a quick sale.
Bank foreclosures refer to any type of real estate that has been repossessed by the bank. Most properties require some level of repair but are priced accordingly. All bank owned properties are sold with a clean title; eliminating time-consuming challenges often associated with buying foreclosure properties through public auctions.
Buyers who are willing to engage in physical labor or hire subcontractors to perform necessary repairs can buy houses below market value, fix them up, and obtain instant home equity. However, before submitting an offer on foreclosure real estate, buyers should obtain professional inspections and property appraisals.
Individuals and investors can view the Remax real estate bank owned foreclosure list at Remax.com. In order to take advantage of available resources, potential buyers should setup an account.
There is no fee to establish a Remax account and only requires entering name, email address and a password. Remax members can create a personal list of potential properties and receive email notification when new bank owned foreclosures are listed.
The Remax foreclosure search feature lets members enter specific search criteria. Remax foreclosure properties can be searched by location, property type, price range, number of bedrooms, square footage, lot size, and age. Additionally, Remax members can obtain comparable sales reports for properties sold in areas they are interested in buying real estate.
In addition to locating suitable bank owned foreclosures, the Remax website also offers a variety of home buying tools and resources. Members can browse the Remax article library and learn what to look for when buying bank owned real estate, the process involved when buying foreclosure homes, strategies for obtaining low-interest mortgage loans, and much more.
The Remax ‘Real Estate 101’ section provides a bounty of first time house buyer tips, information and resources. Members can learn how to obtain preapproved mortgage financing, learn how to shop for mortgage lenders, and how to present an offer to purchase bank owned homes.
The Remax Real Estate ‘Learning Center’ can help borrowers learn about different types of mortgage loans. Visitors can use mortgage calculators to determine down payment requirements, monthly mortgage payments, and approximate closing costs.
Contrary to popular belief, now is a great time to buy real estate. Buying bank foreclosure properties can save buyers a considerable amount of money while providing a great primary residence, vacation home, or investment property that provides a good return on investment.
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