Island Advantage Realty: REO Report

Written by Gabriella for Island Advantage Realty LLC July 28, 2009 by gabiarny There are many advantages to buying REO property.  The first one is definitely price. REO properties are sold by banks or lenders for fair market value minus the cost of necessary repairs.  If you are willing to invest...

Written by Gabriella for Island Advantage Realty LLC Generally when people buy a home they do so through the use of a mortgage held by a bank or lender.  Even a few short years ago an interested home buyer could go to a lender and get a pre-qualified letter, which they would take to their realtor...

Written by Gabriella for Island Advantage Realty LLC As we enter the dog days of summer, I always find myself thinking of my Grandfather.  He was one of the hardest working men I have ever known, but as hard as he worked he still knew the importance of hard core relaxation.  In late July and earl...

Written by Gabriella for Island Advantage Realty LLC I walked into a kitchen the other day that made me weak in the knees.  Do you know what I'm talking about?  This wasn't just a gourmet kitchen, this was a deluxe Chef's kitchen.  Brazilian Cherry cabinets with self closing drawers, a Wolfe six ...

Written by Gabriella for Island Advantage Realty LLC All of a sudden it's not only a great financial decision to buy REO property, it's actually chic!  I shouldn't be surprised, for years I've been amazed that more people weren't taking advantage of the value that can be found in the REO market. ...

Written by Gabriella for Island Advantage Realty LLC Have you ever noticed what happens when you try to steer a car that's alignment is off?  It keeps pulling to one side or the other.  No matter how hard you pull on the wheel, no matter how hard you try to correct the problem, the car continues ...

Written by Gabriella for Island Advantage Realty LLC I enjoy working in the REO market.  I love being able to help families buy affordable homes.  I also love the creative people who buy REO properties and renovate and restore them.  REO properties are ripe with potential.  They offer a home buye...

Written by Gabriella for Island Advantage Realty LLC There is a new generation of buyers who are finding their way to home ownership.  More and more I am seeing smart young 20 and 30 somethings in our offices at Island Advantage Realty, LLC.  They are ready to buy their first home and they're pre...

Written by Gabriella for Island Advantage Realty LLC REO properties aren't for everyone.  In fact it takes a specific kind of buyer to really enjoy buying an REO property.  With a little inspiration from Jeff Foxworthy I have decided to make a list. You know REO property isn't right for you when:...

Writtern by Gabriella for Island Advantage Realty LLC Building equity in a home is a wonderful thing.  Many Americans are in the unenviable position right now of owing more on their mortgage than there home is worth.  You may have heard this being referred to as being "upside down".  I heard some...