Buying Foreclosure Properties and Short Sales

So you’re going to get a smokin’ deal on a home?  Before you decide to buy a home in foreclosure there are many things to consider.  There is a great article from Elizabeth Weintraub on About.com regarding the purchase of foreclosure homes.  Some of the major red flags are not being able to inspect the property you are purchasing and even dealing with tenants who occupy the property, who you will need to evict.

Pay close attention in the article where she talks about condition of the home.  If you can’t inspect it, you won’t know if you’re getting such a great deal.  There may be thousands or even hundreds of thousands of dollars that need to go into the home just to make it habitable.

My advice to clients who ask me about buying a foreclosure home is this:  Let’s look for a home in your price range that we can inspect, receive disclosures on, and have a general idea of what we’re getting into ahead of time.  I’m sure we’ll find a fixer or two along the way.  We at Legends Realty  in Danville CA can help you find that diamond in the rough or just a home that needs a little TLC.

 Better yet,  go to our website at www.LegendsRealtyInc.com and see a list of Bank owned properties that we list directly from the banks.