Buying an REO is like Having a Baby!

I've developed a new found respect for my first time buyers, especially when they've ventured into unknown territory and bought bank owned real estate while knowing nothing for sure about the Sacramento real estate market. These brave buyers will do well in the future when real estate values begin climbing!

I have realized how wonderful their courage is when I'm 39 weeks pregnant with baby girl not showing signs of wanting to meet the world yet! And as an expectant woman's mind dwells on the same question of "When?" over and over I created this list:

1. Making the decision is one thing - getting used to it is quite another. It's all you can think of for a few days. "Am I really going to buy a bank owned property?" "Are we really going to have a baby? Really, really?"

2. Chances are, over the long run, both cost about the same.

3. At no other time does trust that everything will always go well play such an important role...

4. ...until something inevitably goes awry. Not terribly so, just enough to make you shake in your boots.

5. The waiting. Oh, the waiting!

6. There is the absolute knowledge that you're the only one who has ever been through this and you counsel your friends of how hard it is.

7. You also hasten to add that you know it's going to be worth it.

8. They agree with you because they see tears forming in your eyes and don't want to hold you through a nervous breakdown.

9. When you're doing both, you hear the worst horror stories you can imagine. Really, this is one time you find out who your friends are!

And my personal favorite....
10. For a while, life comes to a complete standstill and seems to move at breakneck speed at the same time. And it's scary and exhilarating at the same time - like a roller coaster.