Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Buyer Be Ready: Applying the “Cost vs. Price” Concept to That Desired Foreclosure Purchase…
I’ve heard it many times from people who were interested in buying “I want to buy a foreclosure”.  Which REALLY translates into: “I want a deal”. We all want what we want of course. This is where a bit more education on the buyer’s part that comes in. Not necessarily ‘deprogramming’, but just informing them further that in this market, purchasing a foreclosure isn’t the only way to secure a deal when buying a home in Washington, DC, yet there are some things to consider if one is still heavy on the posiblity of buying a foreclosed preoprty.
A good lead-in, is discussing the concept of cost vs. price with them and how that can tie in to any foreclosure on the market (this is a GREAT concept to discuss when purchasing ANY home, actually). Now a foreclosure can range in condition from move-in ready with not much work needed if any, to ugly/unfortunate and a miracle requiring more money to make it presentable and up to par with what the buyer is looking for, and the kind of loan you and interest rate you have attained. Yes, you can afford the price of the foreclosed property, but are you able ... more

__________________________________________________
Are you on The Rain? Grow Your Network!