Foreclosures are not always a good deal

While foreclosures and REOs have typically been the best deals when looking at price only, some buyers are just not ready to take on the work required to fix up a REO or foreclosure.    

If you are looking for a new home REOs and Foreclosures  still offer some of the best deals on the market but when you consider the work and cost of turning your good deal into your dream home you  have to keep the dollars and sense in perspective.  

A few things to consider...

•1.       How much will it cost to paint the house.

•2.       How much will it cost to repair/replace:

A.   Carpet/flooring

B.   Hot water heater

C.   A/C and heating unit

D.   Pool

E.   Light fixtures

F.   Leaky bathtub

G.  And the list goes on...

S

Spend time with your REALTOR putting together a plan that considers different properties on the market.   The best deal for you will factor in all cost of getting into your new home from purchase to move in.   Call me Today 

 

Gregory Freeman

www.homesbuygreg.com

972-439-3333 or 214-886-3845

 
Posted by Greg Freeman on 02/11/2011 05:08 PM   Comments (5)   Tips for Home Buyers in the ActiveRain Channel   want to buy foreclosures  
Generate short URL

How to buy a house. Part 1
02/07/2011
share
1. You need be able to stay in your home for several years. You want to be able to build equity before having to sell. The cost of selling a home can be quite expensive. With no equity you could end up owing money at closing if you need to sell… more
Checklist for first time home buyers
02/07/2011
share
Buying a new home can be a big task and it can be a bit scary. Finding the right house and the best location. The forms to fill out, working with the lenders, the inspectors and coordinating the move. It can all make for an overwhelming experience… more
 
Greg2

Greg Freeman

Allen, TX

More about me…

The Michael Group

Office Phone: (972) 439-3333 x 1

Cell Phone: (214) 886-3845

Email Me

This Blog is for anyone considering buying a home.


Links

Archives

RSS 2.0 Feed for this blog

Find TX real estate agents and Allen real estate on ActiveRain.