Bank-Owned Homes and Still Maintaining the Neighborhood

So Steve and I have made it a goal to watch the REO/Bank-Owned Homes in our area. We want to know the inventory and what is available. We have so many of you interested in these homes and there are some great ones out there now. It is amazing. Of course there are less savory ones, but that is all real estate. Most of these homes will have a Rider, or sign hanging from the primary "for sale" sign, stating BANK OWNED, but NOT always. Also their may be a NO TRESPASSING warning pasted on the windows.

Some banks turn off the water and electricity, but this not ALWAYS the case. A brown lawn is usually a good indicator that water has been shut off.

There are two ways to look at the bank-repos, sadness for the person(s) that lost the home and two, joy that hopefully someone willl come in and recover the home and bring it back to it's glory.

On a complete side note, but because I have seen many bank-repos, this is a great opportunity of nearby neighbors to let your neighborhood shine with well-groomed yards, cleaned up patios and driveways, to entice a nice buyer. Most bank-owned buyers know what to expect out of a repossessed home and their status and are looking to the neighborhood for how they maintain themselves and the comparable homes to consider purchasing there.

It is hard for us to take of yards, if we don't have a service, during this awful heat spell, but remember a home for sale in our immediate area is not just selling that home, it is SELLING THE ENTIRE neighborhood. Keep neighborhood prices up.