OfflineHello everybody. I'm preatty sure I'm going the wrong way in looking for Reo's. What I normally do is see how much the asking price is and than looking at how much the tax value is. Is this a good way of doing it or is there some way thats alot better. Thanks for the help.
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The asking price that they post is usually the default judgement amount, you need to know what other properties are selling for in the area (check the comps). Then you need to know how much work is needed to get it back in shape.Add that on to your price based on what the comps tell you and try to stay under 60% so you can offer a good deal to your buyer.
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