Do REO foreclosure homes sell for less than regular homes?
Q. I am considering buying an REO foreclosure home. Do REO foreclosure homes sell for less than regular homes? The answer is YES, in general. Listing agents for banks tend to price aggressively and lower the price consistently until they find a solid offer. The more important strategy is how [...]
What is the value and limitations that come with owning vacant land?
Question: I am considering buying a nice home on a half-acre lot in a high-end California subdivision. All homes in this subdivision are built on half-acre lots. However, this subject home is special in that there is a designated non-buildable, open-space area of 8 acres across the street from this [...]