tag:blogger.com,1999:blog-4797432599663441966.post-1652533880209550862007-11-20T22:52:00.000-05:002007-11-21T12:09:43.115-05:00<strong>Buy like a Realtor!</strong> <p>This post is a link to a 6 minute video showing the process involved in buying a Bank Owned Property in Arlington Virginia, by a Realtor. Megan Buckley, a Realtor with FranklyRealty.com, recently <strong>bought her REO home</strong> in South Arlington. It was bank owned. </p><p>Foreclosures aren't as <a style="border-bottom-style: groove;" href="http://activerain.com/blogsview/269054/Foreclosures-in-Virginia-The" target="_blank">frequent as people think</a> in Arlington, and I still suggest looking at everything, but it is possible to get one for a deeply reduced price versus the previous owner's purchase price. </p><p></p><div align="center"><a href="http://www.youtube.com/watch?v=-reu92uqixg" target="_blank"><img src="http://i68.photobucket.com/albums/i18/franklyfrank1/e83da1da.jpg" alt="Virginia foreclosures" border="2" height="237" width="288" /></a><br /><div style="text-align: left;"> Highlights from the video: </div><ul style="text-align: left;"><li>Don't ignore homes with 1 or no photo. <strong>Poorly marketed homes </strong>get seen less, and therefore<strong> sell for less.</strong><br /></li><li>13 page Bank Addendums, how one sided they are.</li><li>How much the property was previously purchased for, what it listed for, the price drop etc.<br /></li><li>The condition of this already foreclosed home.<strong> Several families lived in this one home.</strong></li><li>How she negotiated and beat out 3 other offers (after a drastic price drop).</li></ul></div>For more on definitions about different types of <a href="http://blog.franklyrealty.com/2007/09/sol-homes-virginia-mls-foreclosures-reo.html" target="_blank">Foreclosed homes or SOL homes.</a><div align="left"> </div><br /><span style="font-weight: bold;">- Written by Frank Borges LL0SA</span>- Broker/Owner <a target="new" href="http://franklyrealty.com/">FranklyRealty.com</a><br />703-827-4OO6 <span style="">Please report all typos, I don't like looking stupid.</span> If you like this post, sign up for new posts, use the form on the right of the page.<br /><span style="text-decoration: underline;"> </span><a target="new" href="http://youtube.franklyrealty.com/"></a><div class="blogger-post-footer">.::. Don't forget to come back to the site to post comments. A blog without reader interaction is a boring blog. Also go and see the comments and debates. .::.</div>FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.com