Are You Considering buying foreclosures?
Foreclosed homes are a hot topic in today's market. And many are jumping onboard the band wagon. In fact, real estate investors are pooping up pretty regularly now. Smart. Traffic at www.foreclosureswow.com has increased dramatically.
But, that doesn't mean these investors are wise or know what they are doing in this process. Some concerns are necessary, and pertinent. The vast majority are worried about hidden costs and a confusing process. Here is some pointers. Just from experience.
Consider some unasked for advise:
1. INSPECT: Minimize hidden costs by planning a professional inspection. It is wise to get a second opinion. This may uncover hidden costs while you are creating a budget.
2. CONSULT a professional Foreclosure Agent: Many will be glad to coach you through; we personally offer free consultations.; get details: Market in this area, Time on Market at certain price, Best offer to consider, Rental Market, Loan requirements…Reach us at 770-233-1588
3. CONSIDER: An exit strategy is imperative, also consider all Short Sales as a low priority: These are time consuming and often end up with no contract.
4. COMPARE other listed property for sale that is available, and this will help you ascertain whether you should rent it or Flip it. We can do this free.
5. CORPORATE: Partnerships could be a good thing, but be careful, make sure load is balanced, and everything is in writing. Always!
6. COURTHOUSE: Pay an attorney to perform Title Search Before going. Know what you are buying.
Friday, November 21, 2008
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