We closed Monday on a sweet deal on a Sun City golf course property. Buyer (whom I represent) lives up north, loves golf, has friends in Sun City, is old enough (just barely) to live in an age 55+ retirement community - and for months has been looking on line at properties that might work as a vacation home. When here for a buying trip a couple of months ago, we found one that was bank-owned and ready to be auctioned.
We rescued it from the auction. Good for us.
There was a time not long ago that I complained (forgive me) about the challenges involved in purchasing a bank-owned property. That was pretty short-sighted of me. This was a very smooth transaction, at least as far as the seller's agent is concerned. Very attentive to detail. Very good with communication. Very professional in all aspects.
In a bank-owned property, the buyer does NOT get seller disclosure information - naturally, because the bank doesn't have any. The bank isn't a person - the bank hasn't lived in the property and has no information about details that the previous seller would have known. But on the other hand, the bank doesn't take long to accept or reject an offer. It only took a few business days to get an acceptance from the seller-bank - unlike short sales that may take weeks (sometimes months) to respond.
And nothing impeded the buyer's inspection period - which result, happily, was acceptable to buyer.
So - happy buyer. Golf course house. Good condition. View of a little pond (I'd call it a lake but that's "puffing") from the family room. And what appears to be a nice neighbor. Lots to look forward to in making a trip to sunny Arizona and golf weather when it's cold and snowy at home.
And happy realtor - it's always nice to get a commission.
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