Saturday, September 12, 2009
Snohomish County, Wa Buying Foreclosures Part V of Series Writing up an Offer
HomeSeeker Center By: Don Sieb Buying Foreclosure in Snohomish County...Writing up the Offer Before the offer is made, make sure you contact the agent listing the property so you can ask some of the following questions. • Are you selling the property "As Is"? Is the bank willing to do any repairs? • Have any inspections taken place for the property? If so, can you provide a copy of these inspections? • Has the bank agreed to do any repairs to the home? • How will the offer be delivered to the bank? • How long should I expect the bank to respond to my offer? The offer is typically sent to the bank. The listing agent will take the originals. At this point you must have a little patience. It can take a few days for you to get a response from the bank. Many Realtors work weekends, but banks do not typically have anyone around after 5pm or on the weekends so you will not get a very quick response. HomeSeeker Center specilizes in distressed Property Sales. We strongly recommend Buyers seek our Real Estate Specialist to assist Buyers in purchasing bank owned properties.