Buying a Foreclosure

Thinking about buying a home or townhome that has been foreclosed? A HUD home? How about buying at an auction? Will you be able to get a great deal?

This is the type of purchase where obtaining a Realtor's professional assistance is invaluable. First, you will want to find all the choices. It is a sad statement of our economy but there are many foreclosures to be purchased now. You can definitely find a great deal. A Realtor can help you find all the foreclosures to choose from.

You will want to look at the homes. A Realtor can set up showings and make sure you are able to view all. If the home is being sold at auction there is often only one day the property is shown. A Realtor can get this information.

It is important to obtain recent sales in the area to make sure you are buying at the 'right price'. Real Estate prices are changing so quickly that it is important to look at recent sales. A Realtor can get you the most up to date information.

The bank that owns the property will more than likely require that your offer be completed on the forms provided by the bank. A Realtor can obtain this paperwork and complete it with you. Inspections are important and your Realtor can make sure that the offer is written contingent on your inspections. When you purchase a foreclosure it is rare that the bank will make any concessions or repairs. You will be purchasing the property "AS IS" and will want to make sure you know EVERYTHING about the home you are purchasing.

A Realtor can assist in negotiating your offer. Once your offer is accepted there will be a myriad of paperwork to complete and a Realtor will make sure you understand all you are signing and will ensure you are protected throughout the transaction.

I recently purchased a property at an auction and I am pleased with the result. It took a lot of searching and inspecting but it was well worth the effort. Let me help you find that great deal you have been searching for.