REO Houses for Sale in Central OH 1-888-815-5116 Ext 709

Free List of  REO Houses for Sale in Central OH 1-888-815-5116 Ext 709

Real-Estate Owned (REO) houses for sale in Central OH are increasingly common – especially in regions that were hardest hit by the housing crisis. As you embark on your home shopping journey, it’s important that you understand what these types of properties are and key points to keep in mind before you buy these REO houses for sale in Central OH.

 

What are REO Houses for Sale

As a prospective homebuyer, it’s more than likely that you are hearing about, or seeing, homes for sale that are referred to as “REO” or “bank-owned.” Essentially, these properties are one and the same. They are homes that have been through the entire foreclosure process and are now owned by the seller or lender. This means that the seller maybe the bank or an institution such as Freddie Mac or maybe an individual or entity.

 

What Should I Know About Buying an REO Home

Know your market. You may be able to find a “deal” when buying an REO home, but it’s more important than ever that your offer price is comparable with other homes in the neighborhood. Most banks and institutions can and will negotiate; however, the goal is to sell the home at or near current fair market value. Rely on your real estate agent for guidance call 1-888-815-5116 EXT 715.

Budget appropriately. Most REO homes are sold “as is,” so you’ll need to consider the costs for renovation and/or repair and the time required to complete them. Most banks and institutions make necessary repairs and properly maintain the home after the foreclosure, but you may want to make some as well.

Inspect the home. Be sure to have the home inspected. This is an important step for any real estate transaction, but even more so for REO homes since they may have been vacant for a period of time.

Be ready. As with any real estate transaction, if you are a serious buyer and approved for financing, you need to be able to act quickly. If you see a home that you’d like to buy, the sooner you can make the offer the better. Many investors are interested in REO homes and they are often able to move fast.

For any questions about REO houses for sale in Central OH call 1-888-815-5116 EXT 715

For a Free List of REO Houses for Sale click REO Houses for Sale in Central OH

corillc

About corillc

Central Ohio Real Estate Investment LLC - CORI LLC provides honest solutions for OH house sellers; who need to sell fast. We are a local Franklin County home buying service, located at 1900 Polaris Pkwy STE 450-048 Columbus OH 43240. To Learn How to Sell Your House Fast Call 614-412-4403 We help investors with their goals, to grow their portfolio for better returns. Call 614-333-0546 for more Info Columbus Residence can become homeowners with our owners finance program. We have a licensed Realtor on staff to help you with the home buyer programs. Call 614-412-4106 to find out How All the transactions that Central Ohio Real Estate Investment LLC participates in is handled by a licensed Realtor Roger Loesel with Ditter & Associates. Roger's Bio Roger Loesel is originally from Michigan and after graduating from high school went into the US Army Infantry program. Roger excelled in the program and was chosen to enter the US Army Ranger program and was stationed at Hunter Army Air Field in Savanna GA. After 4 years of active service in the Ranger program Roger retired and moved to Ohio. In Ohio Roger attended Northern Kentucky University and studied Marketing. In 2009 Roger Loesel got his Ohio Real Estate license and specialized in working with Columbus OH Home Sellers, individuals looking for a better return in Franklin County and Columbus Residence wanting to be home owners.

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