You can save a lot of money buying homes that have been left by the owners, directed for sale by the course or for sale by the bank/lender. But if you really want to save money buying a “foreclosure” property you need to have a plan and act fast.
Searching and finding a websites like this one is the first step to putting a plan together.
iOnForeclosures.com is a web site dedicated to helping buyers interested in saving costs by possibly buying a distressed home in and around Red Deer. Keep checking in at iOnForeclosures to learn more about foreclosure purchasing and the local real estate market.
A very important part of a foreclosure purchase plan is having your financing in order. If you aren’t able to buy a house with cash, and most people don’t, make sure you’re qualified and make sure your bank is behind you if you need to act fast.
Also, buying foreclosed properties at low prices means you sometimes aren’t able to use all the typical “conditions” as safety nets. You should have a background or some experience with renovations and home construction because to buy at the best price, the seller might not accept an offer with a home inspection condition.
Be sure to work with a Realtor familiar with foreclosures because it can be different than offering on a typical property for sale. You’ll need a Realtor who can get you in to view quick, advise you on the correct way to submit an offer and get it in front of the seller’s Realtor fast.
This site is sponsored by the Blake King and BigEarth.ca Realty and we pride ourselves on using the most up to date techniques to make your buying experience fast, convenient, and rewarding.
For questions and more detailed foreclosure info, Blake King is available by phone, text or email and he’s always excited to meet and talk to anyone about doing their best with real estate.