Nestled in Anoka County only 20 miles north of Minneapolis, the City of Andover has become a very desirable place to live. Within its 35 square miles, Andover inhabits just over 30,000 citizens. This growing community is primarily residential and offers an abundance of parks, trails and recreational areas. Also attractive to many families is the city’s highly ranked schooling system. Possessing both a charming rural atmosphere and an exciting base for business, Andover provides its residents with the perfect cosmopolitan blend.
If you’re one of the many people who would love to move to Andover, you’re in luck! There are plenty of properties for sale- everything from traditional sales to short sales and foreclosures, even REO’s. Wait…REO’s?
What’s an REO? REO is an abbreviation for “Real Estate Owned Property.” A property becomes an REO when its previous owner forecloses, so then the property is owned by a financial institution. There is nothing wrong with these properties; they are just like all the other properties on the market, except they’re owned by a bank. Fortunately, the process of purchasing an REO is generally much quicker than a short sale, and getting bank approval can be done in just a few days. This makes REO’s an option for all homebuyers. And here’s the best part – because REO’s are a burden to the financial institutions that own them, they are sold as quickly as possible, and usually for a price much less than comparable properties in the market. This is where you – yes, YOU – can score big.
The Minnesota REO Team knows everything you need to know about REO’s. We’ve mastered the mechanics of the process and can answer any questions you may have. Our agents will also make your home buying experience as enjoyable as possible by handling all of the dirty work- dealing with the banks, making phone calls, negotiating…leave it to us. We also know when the newest REO’s to hit the market, so you’ll be the first to know about new properties. Having lived near Andover for years, each of our agents know the latest trends in the Andover real estate market. Call The Minnesota REO Team at 763-607-1415 or 612-720-8007 to find out about Andover REO’s today.
Our team can also work with banks and asset managers. Our agents are experts in today’s market and specialize in REO sales. Our advanced marketing techniques will maximize your properties’ exposure on the Internet far beyond the means of most agents. With the ability to reach out to more potential buyers than any other agents, our team is the top choice for asset managers and banks. Call us today at 763-607-1415 or 612-720-8007 to speak with a Minnesota REO Team agent today.
