{"id":3948,"date":"2011-05-10T08:00:55","date_gmt":"2011-05-10T15:00:55","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=3948"},"modified":"2020-10-06T17:08:44","modified_gmt":"2020-10-07T00:08:44","slug":"buying_from_a_bank_get_ready_to_play_hardball","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/buying_from_a_bank_get_ready_to_play_hardball\/","title":{"rendered":"Buying from a Bank? Get Ready to Play Hardball."},"content":{"rendered":"<p>If you&#8217;ve been shopping for a home lately, you&#8217;ve probably encountered more than a few listings that are either <a href=\"https:\/\/redfin.com\/definition\/REO\" title=\"definition of REO\">bank-owned (REO)<\/a> or <a href=\"https:\/\/redfin.com\/definition\/short-sale\" title=\"definition of short sale\">short sales<\/a>.  In some of Redfin&#8217;s markets (Las Vegas, Phoenix, and San Diego) distressed sales make up more than half of what&#8217;s selling these days:<br \/>\nOf course, we&#8217;re never satisfied just to bring you flashy top-ten lists (or top-sixteen lists, as the case may be), so we wanted to dig a little deeper into the data.  What kinds of things could we learn about distressed sales that would really help a buyer who is thinking of making an offer on one?  As it turns out, the data was happy to talk to us on that subject, providing us with some juicy insights to share with you.<br \/>\nFor the full report visit the <a href=\"https:\/\/redfin.com\/blog\/2011\/05\/buying_from_a_bank_get_ready_to_play_hardball.html\">Redfin Research Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;ve been shopping for a home lately, you&#8217;ve probably encountered more than a few listings that are either bank-owned (REO) or short sales.  What kinds of things could we learn about distressed sales that would really help a buyer who is thinking of making an offer on one?<\/p>\n","protected":false},"author":13505,"featured_media":2931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[73,65],"dashboard":[],"coauthors":[],"class_list":["post-3948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-finance","tag-home-seller-tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buying from a Bank? 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What kinds of things could we learn about distressed sales that would really help a buyer who is thinking of making an offer on one?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/buying_from_a_bank_get_ready_to_play_hardball\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2011-05-10T15:00:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T00:08:44+00:00\" \/>\n<meta name=\"author\" content=\"Tim Ellis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Ellis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/buying_from_a_bank_get_ready_to_play_hardball\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/buying_from_a_bank_get_ready_to_play_hardball\\\/\"},\"author\":{\"name\":\"Tim Ellis\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/18d447d70adabf376e05ea45cfb78a2e\"},\"headline\":\"Buying from a Bank? 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