Why Consider Buying a Foreclosed Home?
The two biggest reasons any homebuyer should consider a foreclosure
More flexibility in loan and purchase terms, and a better price!
a Consumer: You Can't Afford NOT to Look at Every Option!
sales are definitely worth a look. The real estate market is hotter than ever-the
home buying binge has forced prices up and supply down. In many metropolitan areas,
homebuyers race to open houses, and try to outbid each other.
On a distressed
property, you can often negotiate better terms and a better price, because you're
dealing with a motivated seller.
What Are the Possible Downsides?
Are there any?
There are risks to every home purchase, and distressed
properties are somewhat unique. You'll need to make sure the home is free of defects
or damage. There might be a little more red tape involved than a standard home
purchase. And you need to make sure the long-term property value is sound.
It's Just Weighing the Pros and Cons
Ignore the myths and explore
the real story! Let's look at foreclosure sales and how to find one that might
put you into a home at a great price!
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