I have a confession; and yes, confession is good for the soul. For the last two weeks, I have been a little slack in looking at new Bank Owned Properties that have come on the market. So today and for the rest of the week, I have decided to block off some time and get current again on what’s out there. I am just back from looking at 13 things in the “West End”. The price range for these homes was from $189,900 to $459,000. 10 were in Zone 22, 2 were in Zone 34 – one in Twin Hickory; the other in Hampshire, and the last one was in Goochland (close-in) near Sycamore Golf Course.

     So did I see any GREAT bargains during today’s trek? No, but I saw several that are now on my radar. See that’s the thing about these Bank Owned properties. The asset managers for the banks will typically start them with an inflated price. As the market rejects them at various price points, the asset managers begin a systematic series of price reductions. When the PRICE IS RIGHT, they will sell. 

     Oh, there’s lots more I could tell you, but then what would we talk about when we’re on my Saturday Morning Tour of Bank Owned Properties. Here’s a link for you to sign up now for the tour. Looking forward to seeing you soon. Tomorrow I’ll give you an update from Southside.