My New Blog

January 9th, 2010 9:48 PM

Foreclosures - There are great deals to be made with buying bank-owned/foreclosures.  Do your homework up front because their may not be time to do later.  Always, always get a home inspection and any other inspections deemed necessary.  Banks that own these properties are doing very little if anything at all towards repairs or inspections.  When they say "as is" that is what they mean.   Seek out experience real estate agents, like me that can help you through the foreclosure process. 

One other thing... have your pre-qualification, pre-approval and proof of funds available at time of presenting offer.  It can delay your getting an acceptance, seller accepts another offer or could result in a multiple offers situation. You want to be in front of the line as oppose to the back of the line in presenting offer to purchase contract on these properties.  Competition is very stiff!!!!!!!!!!

 


Posted by Gail Clements on January 9th, 2010 9:48 PMPost a Comment (0)

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