Facts about Newly Foreclosed Homes
How can I find newly foreclosed homes?
Search home listing websites. In addition to property value information, online
home listings feature additional valuable resources. View in-depth neighborhood
and school information. Request a free home value report from a local real-estate
professional, and find services to assist with financing and relocation.
Why consider purchasing a foreclosed home?
There are many reasons why it is smart to consider buying a foreclosed home. Whereas
new homes can be very expensive, you can obtain a 20% to 50% discount on foreclosed
properties. There are many foreclosure properties on the market today so you’re
likely to find out that suits you.
Why partner with a real estate agent?
Partnering with a real estate agent can help you navigate and expedite the foreclosed
home purchasing process. Many realtors are quickly informed of new foreclosed homes
for sale. They can help you find a home that you want and can afford.
How to avoid "buyer’s remorse"?
Set a strict budget and stick, and don’t rush through the process. Hurrying will
make you susceptible. This is likely to be the biggest purchase you will ever make,
so take your time! Avoid as much additional stress until after you close, and keep
distractions to a minimum during the house hunting, bidding, and buying process.