Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is purchasing a bank REPO home any different with buying regular listed homes?

April 26, 2017Bank buying different Home homes purchasing regular repo

0

Posted

Is purchasing a bank REPO home any different with buying regular listed homes?

2 Answers

0

Posted

[To the buyer, buying a bank REPO home is no different with buying a regular home listed on the MLS listing, mobile home board listing, or just listed by a real estate / mobile home professional. You can either get a loan or pay cash for it. Basically, it’s considered buying a pre-owned home. The only noticeable difference is that bank REPOs are always vacant/ready-to-move-in and usually, not always, renovated.

0

Posted

[To the buyer, buying a bank REPO home is no different with buying a regular home listed on the MLS listing, mobile home board listing, or just listed by a real estate / mobile home professional. You can either get a loan or pay cash for it. Basically, it’s considered buying a pre-owned home.