Seattle Real Estate:

It’s a sign of the times that this question has been coming up a lot lately. Before the market took its current turn, bank owned transactions were pretty uncommon and short sales where downright rare. Bank Owned Commissions Work Like Any Other Sale Learn more about bank owned homes in the Seattle area – read [...]

We’re hearing a lot about values of bank owned homes these days. There has been debate in some circles on whether or not foreclosures and/or bank owned homes should be used as comparable sales for determining market values in an area. Naturally, this has led to a great deal of interest in the appraised values [...]

It’s going to get easier for buyers to tell if Seattle area listings are bank owned or short sales! The Northwest Multiple Listing Service, which serves the Seattle area (and other areas around the state), announced that they’re rolling out new search fields for “3rd Party Approval Required” (that’s the short sale one) and “Bank/REO Owned.”  The fields [...]

It’s not surprising that we’ve been getting lots of questions lately about bank owned real estate in the Seattle area.  One question that keeps popping up in various guises has to do with qualifications to buy a home that is owned by a bank.  For example: “Can first time buyers purchase a bank owned home?”, [...]

When you’re conducting a Seattle real estate search, how can a potential buyer tell details about the ownership of the home?  It’s tough – sometimes you can tell based on the information that is supplied online, and sometimes you can’t.  In this market, we’re seeing lots of real estate listings with varying situations with ownership: [...]

We’re on a bank owned roll around here lately.  So let’s keep going! So you’ve been hearing about the potential to score deals on bank owned homes and now you’re wondering where you can find information on those puppies.  I hope you’ve done your research on the pros and cons of bank owned homes. Ahem. I [...]

In years past, if you saw that a home was bank owned you could pretty much count on it being a fixer-upper.  In today’s market, however, you can find bank owned homes in darn good condition.  What happened?  Our evidence is anecdotal, but we’ve discussed our findings other Realtors and found their experience to be [...]

This is a summary post for our recent series about Bank Owned Homes.  You might have been following along, this is where you can access all the installments in one place! Four Reasons You Don’t Want To Buy A Bank Owned Home “Bank Owned Homes Almost Always Seem to Start Overpriced” “Banks Don’t Know Anything [...]

This is the last post in a seven part series called Four Reasons You Don’t Want to Buy a Bank Owned Home…and Three Reasons You Do. We’ve already covered three reasons you don’t want to buy a bank owned home: 1. “Bank Owned Homes Almost Always Seem to Start Overpriced” 2. “Banks Don’t Know Anything [...]

This is the sixth post in a seven part series called Four Reasons You Don’t Want to Buy a Bank Owned Home…and Three Reasons You Do. We’ve already covered three reasons you don’t want to buy a bank owned home: 1. “Bank Owned Homes Almost Always Seem to Start Overpriced” 2. “Banks Don’t Know Anything [...]