I've looked at a lot of homes lately. I've become familiar with the games that REO (banked owned homes) sellers play. It's frustrating. They are tricky to get - sometimes offers are accepted, multiple offer emails are sent out, then all the offers are rejected only for the seller to take $10,000 off the price and let everyone put offers back in. I'm assuming they are hoping to get more offers and more interest. That's the downside of REO property I guess - sure, you may get a good deal, but you will invest a lot of time trying to get that deal.
The problem is though, if you doing want a foreclosure you many times deal with owners who want a lot more than their home is currently worth - or a seller strangely accepting some other lower offer for some unknown personal reason.
Bottom line, getting a home, is a tricky business as is selling one when you own more than you can sell it for. I do love that feeling of finding a house that my client loves, and may feel just as bad as they do when the offer I submit for them is not accepted.
Lately I have looked at a lot of homes in Plano - Lakewood Springs actually. They have homes from 5 bedrooms to little 1 bedroom town houses. A nice variety, they do have a SSA tax however, which makes the taxes a lot higher.
Another nice area is right off of 71, Rain Tree & Country Hills - they have mostly bigger homes, a lot of them are part brick, and most have more developed trees and nicer back yards than Lakewood Springs. Country Hills has no SSA tax, however they have no club house or pool etc, While Rain tree located right behind Country hills has a SSA tax with a club house, pool, tennis courts and more. They also have a nice paved bike/running path around the homes.
Oswego is another great place to buy a house, it's closer to 88, and more shopping, places to eat and things to do, although even the homes in plano have a Target, Kohls, Dicks Sportings good store and more. Oswego has a lot of bigger homes in subdivisions. One of them that I looked at yesterday was right off of Rt. 34 - go left instead of right to cross the river... The house we looked at was a former model house, it had a nice brick patio, hard wood floors, big loft area, a balcony that I loved, and a full finished basement with an extra room, bathroom and kitchen. It's listed for the crazy low price of $166,000 thinking it will go fast, it's a bank owned property, so anything could happen.
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