A Standard listing is where a seller has equity in the property and is selling the home without requiring a bank or asset manager to approve it.
When negotiating with a standard listing, typically the response times are much faster and the paperwork does not require a large amount of addendums. Standard sells were common when the market was rising, but current conditions have left most home sellers with little to no equity thus requiring them to short sale.
A short sale is where someone is needing to sell their home due to hardship.
Hardship can be a change in income due to job loss or hours cut back, relocation, death or injury, etc... Banks are working with sellers. The final result in a bank no accepting a short sale is foreclosure which can cost the bank thousands more than approving a short sale.
Whether you are a asset manager looking for someone to manage your REO's, someone that has equity or if you are in hardship and need professional, curt ious and responsive help, Elite Real Estate Agents can assist.
Our marketing is extreme and very much web based. Considering over 85% of home buyer's start their search on the internet first, we dominate the world wide web. Ask any real estate agent if they have on their personal web site marketed for the area your home is in if they receive over 20,000 unique visits a month. We can show you our traffic to our sites and help you get placed first on the sites that matter the most.
There has always been a foreclosure market, but nothing like we have seen these last couple of years. Bank Owned homes are rising.
We work with some of the largest banks. We know the REO business and continue to surround our team with skilled and knowledgeable agents that specialize in foreclosures. We have relationships with the other top agents that list and sell bank properties.
When considering purchasing a bank owned home, you should really know the following: 1.) Do not write an offer if you are not..