More and more foreclosures are coming on the market everyday. And I am sure you have heard this a hundred times already.
Here are a few things you should know if you are considering buying a forclosured home.
Once a home has been forclosured already the bank will work with a real estate company and place it on the market for sale. Usually at the current market value. Not what is owed to the bank.
Banks although you can fool me, don't want to own homes. They are banks. Not landlords.
If you are looking at a preforeclosure that is listed for sale with a real estate company, you maybe able to work out a good price below what they are asking. This is where the Professional Experienced Realtor comes in. I will negotiate for you to get you the best possible price.
You can save a lot of money.
Keep in mind these properties are typically sold "as is". Its the responsibility of the buyer to do his or her due diligence and inspections.
When someone purchases a forclosure, you need to make sure that all liens attached to that property are satisfied.
Call or e-mail me for information on forclosures and preforclosures in the
Delray Beach Real Estate market.
Check out www.delraybeachprimeproperties.com
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