What's the Best Deal in Residential Real Estate?
Without a doubt, it's the bank-owned property - also referred to as REO(real estate owned) - also referred to as Foreclosure. The average foreclosure sells for 53% of the price of a conventional (non-distressed) sale, so if you want to get the absolute lowest priced home, look at REO!
The REO buying process is specialized, so only use a Home Encounter Consultant when you're trying to purchase an REO. Here are the Do's and Don'ts of the REO buying process. If you have specific questions that aren't shown here, contact a Home Encounter Foreclosure Consultant by calling 813.600.5090.