How to Buy a Foreclosure Home
You find a home in your dream neighborhood, but it’s a foreclosure. Now what?
No worries, I’ve got you!
1. The first step to buying ANY home is getting pre-approved for a loan. If you haven’t already, start here.
2. Link up with an agent who understands foreclosures. Heads up - that’s me! 3. Make a competitive offer.
4. Expect difficulties in the due diligence period. Since most foreclosures are sold “AS IS,” be prepared for surprises after you go under contract. Know your deal breakers ahead of time and be smart about what repairs you can take on.
5. Consider a renovation loan like a 203(k). If you're buying a fixer-upper, this type of loan can help you finance any repair costs.
If you time it just right and you’re willing to put in the effort, a foreclosed home can be a sweet deal! Give me a call today, and let me find your next home at a price you’ll love.