Insight
REO (Real Estate Owned) properties can be aggressively priced, and some government/institutional programs offer 'First Look' periods that restrict investor participation, benefiting owner-occupant buyers.
The most overlooked source of homes for first-time buyers
Summary
Distressed properties, particularly short sales, are an overlooked inventory source for buyers struggling with affordability. Agents often avoid them due to outdated perceptions of complexity and time. Improved lender systems and incentives make these properties more accessible and potentially profitable for hosts.
Key takeaway