Check out my second video on this bank-owned REO foreclosure for sale located in Milton Florida 32570. It's a fixer-upper that didn't get priced correctly in the beginning. Now it's going to take time to get the price down where it makes financial sense. If a foreclosure is on the market longer than a month then that's a good sign it's overpriced. A lot of them do come out on the high side and it's just part of the game. But, I've had more lately get priced right and have multiple offers. There is no rhyme or reason as to why. Generally, it's because they got a bad appraisal or second opinion BPO.
This property was initially listed for $92,000. We'll have to wait and see what it ends up selling for but it will take at least another solid price reduction first.
Make sure and subscribe to my channel for future videos and to see how this one turns out.
Brandon Vinyard
The Agency
Broker/Owner Since 2002
bvinyard@theagencydelivers.com
850-332-2050

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