Buying REO Properties Greensboro NC

Buying REO property can be a tricky process, and many investors just starting out don't know where to begin. Found out some of the most fundamental and essential advice for investors interested in buying REO properties.

Local Companies

Horizon Realty of the Triad
(336) 333-6450
404 Crestland Avenue
Greensboro, NC
Michelle Ashley Jones@ Priority Properties
(336) 543-3367
4401 W, Wendover Ave
Greensboro, NC
Advantage Inspection Clear View
336-327-5523
606 Scott Ave
Greensboro, NC
Crenshaw, Jenkins and Associates
336-402-4118
4655 us29n
Greensboro, NC
Streamline Appraisals, LLC
336-848-4444
226 Cascade Dr
High Point, NC
Successful Event Management
336-584-4723
PO Box 978
Elon, NC
CrossMark Realty
(336) 993-1777
745-p cinema ct
kernersville, NC
Majestic Property Mgt Inc
(252) 459-8899
394 Sawdust Lane Rd
Nashville, NC
Mm Miller Inc
(828) 328-3828
Conover, NC
Braswell Properties Inc
(919) 562-2403
9505 Dumas Ct
Wake Forest, NC

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Buying REO property can be a tricky process, and many investors just starting out don't know where to begin. People can flounder for months—even years—trying to land that "home-run" deal, and falling short every time. Most successful REO investors that I know either have the benefit of years of experience, or they have been mentored and educated personally by an experienced REO realtor or investor.

I have had the opportunity to educate others through writing and consulting, and I have seen how even savvy and experienced investors and real estate agents can make the same mistakes over and over again. Here I will share some of the most fundamental and essential advice to investors interested in buying REO properties.

Essential tips for buying REO properties:

  • Learn from others: Seek out an experienced REO realtor in your area. Ask that person questions. Gain this person's confidence, and you will reap the rewards. If you live within 100 miles of a major city, there should be REO agents who handle your area.
  • Know that banks are not idiots: That price tag you see on the home is there for a reason. If your offer is way out of the ball-park, it may be time to move on to another REO. That said, be aware of the price-drop "cycle" of a property. Again, befriending that  REO realtor will put you at the front of the line.
  • Be patient and flexible: The bank's response time can vary quite a bit in regard to contractual benchmarks or amendments to the offer. You are dealing with extremely overworked, and perhaps underpaid people. Show some professionalism and compassion, and you should get the same in return.

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    NuWire Investor is an online publication that offers quality information about alternative investments such as real estate, commodities and franchises.

    Author: Tom Lazzaro
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Featured Local Company

Horizon Realty of the Triad

3363336450
404 Crestland Avenue
Greensboro, NC
www.horizonrealtytriad.com