Congratulations to our dear clients L and R who made an offer on a Bank Rep/Bank Owner property in November and closed on Christmas Eve! There is no better present for Christmas than buying a home, their very first home! We spent time with our clients and got them fully approved for a mortage ahead of looking at homes. Many times buyers get excited and want to see houses before they have met with a lender. With the current bank lending procedures it is best to meet with a mortgage consultant and get pre-approved. It’s like going to the grocery store. You don’t want to shop and find out you don’t have enough money and then have to put things back. This way you know what you can afford and look in that price range. That is what L and R did and it worked out so well!
I was so excited because our offer was the back up offer and when the first buyer fell out, we were next in line. I had stayed in touch with the listing agent because in my experience bank owned homes can be difficult if buyers aren’t organized or their agent drops the ball. About 4,5 days into the first buyer escrow, I called the agent and he told me they were removing that buyer from the asset managers server. He then submitted our offer and we got accepted! The home was amazing! A super cute 4 Bedroom single story home with 2 car garage and good size backyard. It was completely renovated by Wells Fargo/PAS division (Premier Asset Services). They freshly painted the interior and installed new carpet. They also installed new kitchen cabinets, granite counters and new appliances. the bathrooms look new too. They also had their closing costs paid by the bank. How much did this home cost? $160,000. My clients mortgage payment is LESS than $1,000!!! That is less than you can rent a 4 bedroom home for!!
The very cool thing is someday when they are ready to move up to a bigger or newer home, this will be the perfect rental/income property!
If you are looking to buy a home, buy an investment property and get someone who will extremely attentive then give us a call anytime!
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