In this way, the banks adjust with the current market. They typically do this in their pricing strategy.
The banks pricing strategy depends on what type of real estate market we are within.
Today, the Santa Clarita Valley real estate market is leveling off. We no longer see the price increases we did for the preceding 18 months before October of 2013.
Make sure you are using a real estate agent that knows their way around the foreclosure and bank owned market. There are specific ways to “jazz up” offers to make them more attractive to the banks who receive them.
I’m Connor MacIvor with REMAX’s Paris911 Team. Enjoy the systems we have in place to search for Foreclosures and REO Listings.
Let me know when you are ready to meet for our Crash Course on Real Estate.
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