Profile picture for kkimins

Do I need a real estate agent to buy a bank owned property?

  • October 20 2013 - US
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Answers (5)

Profile picture for CheriWickham

You definitely need your own agent when dealing with bank owned properties.  Most banks have requirements above and beyond what standard (non-bank owned) transactions require.  Even for a real estate professional it can seem like a maze!  I would be happy to help you if you are in the Charlotte area.

  • October 21 2013
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Most banks do not work directly with consumers so hiring a buyers agent to represent you is your best bet. Find one that has experience in bank owned properties because these transactions can be totally different than your "standard" transaction.

  • October 21 2013
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Profile picture for kmelendez
Get a professional! Hire a Realtor! Most banks do not deal directly with consumers.
  • October 20 2013
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Profile picture for CallTheSisters
If you are trying to buy it directly from the bank they do not deal with consumers.

If the property is listed with a real estate agent you should select your own buyers agent to represent you.
  • October 20 2013
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Profile picture for DebRoy
Most likely you will, and it would be best if you do, because there is alot of paper work involved in doing a bank owned property, and it needs to be done to the T, if not it will be sent back until its done correctly.
There are different kinds of bank owned transactions, I recommend you find an agent that has done bank owned contracts before. some have to be uploaded on a home path site, or other sites that is for that property.
  • October 20 2013
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