Invest With Ben
in Indianapolis, USACategory: Real Estate
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Address details
3077 E 98th Street, Suite 275, Indianapolis, IN,46280 Print route »Business hours
Monday - Friday :08:00 - 17:00, Saturday - Sunday :ClosedInfo
The REO real estate market is a little different than the normal real estate market. In the REO market, banks that have foreclosed are allowed to sell their properties to investors and businesses. They may also sell their properties to people who need a home in order to live or as an investment opportunity.This can be beneficial if you are looking for an investment property with some upside potential in this area that has been on the market for a while without selling. The sale prices in the reo market are usually 20-70% less expensive than those of similar homes on the open market. In fact, if the bank does not think it will be able to sell the home for enough money within a certain amount of time, it can force you to buy the property at a 20-70% discount.
Each specific situation is different, but this means that you can get great real estate deals if you know what to expect from an REO transaction. With the help of Invest with Ben, you can learn more about various ways to invest in the REO market.