Considering the purchase of Foreclosure property?
Here are some steps to follow to help you achieve your goal.
The market is being bombarded weekly with new Foreclosures in every area in the USA. How can you find them? Simple, call a few real estate agents in your area and ask them to send you daily listings that meet your criteria, dont be vague, be as detailed as possible and within a realistic price range. In other words if you qualify for a $100,000 loan dont focus on $ 1,000,000 homes, odds are you will never get an offer accepted and if you did we are talking about hundreds of offers. That takes time and energy and you will probably end up losing your agent.
Once you start receiving the list contact the different agents and see who gives you the best serves. I recommend that you stick to one agent, why? Because you will need a lot of hand holding and you are looking for an advocate, someone that will go the extra mile. Every property you like, you will need Market Reports CMAs, information, etc. In addition you will need to be looking at property weekly with your agent. It is important for both of you to see eye to eye. Remember you are looking for...