WHY IS REO A GOOD DEAL?

By
Real Estate Broker/Owner with Island Advantage Realty

Written by Gabriella for Island Advantage Realty, LLC

I like a good deal, don't you?  I'm the kind of person that hunts for a bargain and thrills in making it my own.  I went to a wedding last weekend and got so many compliments on my dress, you would have thought that it was a designer original.  The truth is that it was a fairly inexpensive knock off that had the most hideous buttons when I bought it.  I can't help but think that it was so cheap because of the buttons.  I bought the dress and had my Aunt Louise replace the buttons and do a few minor alterations.  The end result was a one of kind dress that looked like a million bucks for no where near the cost. 

REO properties are a lot like my dress.  They have a lot of potential but need the right eye to recognize it. red-leaf One of my favorite things about helping people buy REO properties is watching them put their own special stamp on their home.  Seeing a property transformed with a little paint, some new carpeting and some new fixtures is truly amazing. I love that REO property offers you the opportunity to own your home for a reduced price and then alter the property to suit your own needs.  It's like getting your dream home for less.  For these reasons I think buying REO property is not just a good idea, it's a great idea.

If you are looking for a good deal in the metro NY or Long Island area, make sure you call Island Advantage Realty, LLC. We are the leader in REO property sales for the area.  We have the expertise to help you find the home of your dreams for the price of your dreams.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances.  Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action.  For further information or questions please contact Gabriella@IARNY.com

Island Advantage Realty, LLC specializes in Foreclosures and Bank Owned properties in the Metro NY and Long Island Areas. They are dedicated to educating home buyers about the home buying process in the Foreclosure and REO markets.

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iarny
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Rainmaker
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Kim Dove
Watson Realty Corp - Jacksonville, FL
Realtor - Jacksonville FL

That is a very good analogy. I figure most homeowners want to customize their homes themself any way.

January 06, 2010 01:34 PM #1
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Todd Yovino

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