In a competitive market, it might seem challenging to find a property that meet most if not all of of one’s criteria. Most buyers fight hard and sometimes over pay for standard properties for sale. A need to be creative slightly becomes part of one’s reality, especially when timing becomes an issue. REO from HUD, Freddie Mac and Fannie Mae can become very helpful. Even though most REO properties might need some work, they do come with a discount and allow the buyer to customize the house in the process. More importantly, HUD, Fannie Mae and Freddie mac all have first look period. During the first look period, only owner occupied can purchase those properties, no investor can purchase them. Therefore, the competition is reduced. Moreover, as an incentive they are offering 3% closing assistance to home buyers.
Furthermore, some of the REO properties might qualify for certain programs offered to home buyers.
Contact for more info: Kadjolo Coulibaly 202-780-5406/ firstname.lastname@example.org