Because of the recent trends in the Salt Lake City housing market, there are types of foreclosed properties not typically seen: luxury homes in affluent neighborhoods and upscale recreational properties. If you are in the market for a large single-family home or opulent vacation condo, call me at 801.938.3466. I am real estate agent Chris Johnson at your service.
There are a few things to consider when investigating foreclosure deals in St. George. St. George home owners who have lost their homes to the bank have generally been in financial trouble for a year or more, so the property usually has not been maintained during that time. Though some properties are not structurally sound, a home in a nice St. George neighborhood whose only problem is a neglected yard or peeling paint can be a bargain.
Since the number of bidders at St. George bank auctions have increased significantly, working with a real estate agent can help you compete with other bargain seekers.
With years of experience helping clients purchase bank owned Salt Lake City real estate, I have access to REO property information that will greatly improve your chances of closing on your chosen St. George foreclosure property.
My strategy is to try to find out the bank’s purchase price to compare that to the price the bank is asking. This is the best way to figure out the lowest amount the bank will accept.
I can also look at comparable sales to determine how much the foreclosed St. George property is really worth and contact the listing agents of pending St. George foreclosure sales for info on accepted offers. As a real estate industry ‘insider’ in Utah, I can pull strings for you.
I work to get my St. George clients pre-approval letters from the lender who owns the property and from their own bank. Then I carefully negotiate everything from home repairs and the home inspection period to the splitting of transfer, escrow, and title insurance fees.
I love helping my clients get St. George foreclosure steals in the 84123 zip code area.
If you are interested in buying a foreclosed property for commercial, residential, vacation, or investment purposes, I’m your agent–call me today at 801.938.3466!
123 North Main Street
Anytown, Utah zip code 84123