Bank Owned Properties (Fairfax County)

I ran a quick analysis of bank owned properties in Fairfax County between $300k-$550k that are 2bd+2bth+. In the analysis I compared their list prices to an estimated market price and then calculated the % difference between the two. The estimated market price is derived from 1 years worth of comparable sales data for each property based on their respective locations and bd/bth information. While some of them are inline with the market, there are two that are priced 12% and 14% below market. While my goal is to find properties 20%-30% below market, these are potential properties worth looking into. If you are interested in taking a look at these, please feel free to reach out to me at kevin@thebarberagroup.com