Banks are acting like homeowners keen to sell, spending real dollars on their real-estate owned foreclosures to make them a little more presentable to the potential buyer.
This according to a recent article in BigBuilderOnline.com, which says that the inventory of foreclosed properties is supposed to increase this year.
To make the more expensive REO properties attractive, banks are starting to do what real estate agents sometimes encourage homesellers to do: invest thousands in upgrades and remodels to give the property a selling chance.
Read more on this growing trend on the Big Builder website.
Be sure to check out real estate listings in your area, too.
Credit: BigBuilderOnline Article