Forget those time-wasting short sales, if you want to get a great deal on a home in you should consider bank owned homes in Ventana Ranch.
View Bank Owned homes in Ventana Ranch
Currently there are 16 bank owned homes for sale in Ventana Ranch. The average size of hese homes is 1970 square feet, the average list price is $178,013 and the average price per square foot is $88, which is a good deal. Compare that to the $106 average price per square foot of non bank owned homes.
Bank owned homes are foreclosure homes that have already gone through the foreclosure process and are now owned by the bank. Unlike short sales they are relatively easy to purchase. You negotiate a price with the bank just like you do on a regular house sale.
On a short sale you negotiate a price with the seller, then you submit it to the bank for approval. Bank approval can take as long as 8 or 9 months. However, with a bank owned home you make an offer directly to the bank which either accepts it or rejects it. If you're lucky and your offer is accepted you can close within a normal time frame.
How much do you offer on a Ventana bank owned home? That depends upon how much you think the home is worth. This is where a good Realtor can help you by determining what the market value is. You need to remember, however, that bank owned homes are already priced below the other resale homes, so if you think you can offer 20% below the bank owned list price you're wrong. In most cases bank owned properties sell for close to list price. In fact, of the last 10 bank owned homes in Ventana Ranch, 5 sold for list price or above. Overall the ten homes sold within 1% of list price.
Bank Owned Homes for Sale in Ventana Ranch are definitely worth checking out. if you are looking for a great deal!
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