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Q: Why do bank owned property receive multiple offers?
Not all bank owned property receive multiple offers. Just like any house for sale, if the home is priced for sale at or below market value, you can expect there to be many interested buyers wanting to purchase the property, which will lead to multiple offers.
We are finding an increasing number of Central Florida bank owned property receiving multiple offers which indicates the strong motivation of the lenders wishing to move these properties.
Contact me if you would like to receive a free list of bank owned properties for sale in your area.
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