The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
Step 5: Get an Appraisal on Your Ideal Property. Either way, it’s a good idea to consider getting an appraisal so you know how the true value compares to the asking price. An appraisal will help you get an objective estimated value, which you can compare to the bank’s asking price to see if the price is fair.
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