Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by ineedasername on Tuesday November 02, 2021 @02:19PM
(#29085299)
>forced seller
This takes a bit more patience though. They can drag on for a while as the bank & "owner" possibly reconcile or the owner fights things tooth & nail. These deals tend to fall through a bit more than traditional sales. Given patience though, you can get a good deal: Banks don't want to be in the business of actually owning houses & their carrying costs, so they generally sell at a market-clearing rate instead of waiting for the best possible offer.
This takes a bit more patience though. They can drag on for a while as the bank & "owner" possibly reconcile or the owner fights things tooth & nail. These deals tend to fall through a bit more than traditional sales. Given patience though, you can get a good deal: Banks don't want to be in the business of actually owning houses & their carrying costs, so they generally sell at a market-clearing rate instead of waiting for the best possible offer.