LOUISVILLE KENTUCKY HOMES FOR SALE-BUYING FORECLOSURES
What to expect:
1 The property will be vacant.
2 The property is being sold "as is."
3 Utilities have been turned off (water, gas, electric).
4 The plumbing has been "winterized" (water turned off--pipes drained and antifreeze installed).
5 It smells, the house has been closed up for weeks, even months.
6 Carpet is dirty, worn, ripped, may need replacing.
7 Paint is dated, writing on the walls, drywall repair is needed.
8 New appliances will probably be needed.
9 Kitchen cabinets need repair or replacement.
10 In some areas, the property could have been vandalized. Copper pipes, air conditioner units, furnaces, windows, doors, lighting fixtures are gone.
11 The bank owns the property, so it is a business decision to accept or reject your offer.
FINANCING
12 Earnest money deposit normally $1000 or 3% of the offer.
13 Preapproval letter should be submitted at time of offer. A You must be preapproved for financing.
B Paying cash, you must show proof of funds.
14 Normally, there are seller addendums you must sign and agree to that supersede the local real estate board contract (more paperwork).
THESE ARE JUST A FEW QUESTIONS YOU NEED TO ANSWER WHEN YOU ARE CONSIDERING PURCHASE OF A FORECLOSURE.
BUY LOUISVILLE KENTUCKY FORECLOSURES,REOs,BANK OWNED PROPERTIES,SHORT SALES,CORPORATE OWNED, DISTRESSED PROPERTIES,HANDYMAN SPECIALS,MOTIVATED SELLERS,HUD HOMES, HUD PROPERTIES, AS IS PROPERTIES
LOUISVILLE KENTUCKY HOMES FOR SALE- BUYING FORECLOSURES
$8000 TAX CREDIT FOR FIRST TIME BUYERS
COME TO ONE OF OUR HOME BUYERS WORKSHOPS www.buyerstaxcredit8000.com
Keith Pound, Realtor/Auctioneer, Exit Realty Crutcher, Louisville, KY 502-645-5950
LOUISVILLE MLS WWW.POUNDREALTY.COM
Investment property, real estate auctions, HUD homes, relocation services to Louisville and Lexington Kentucky, give me a call, I love referrals!
Copyright 2009 by Keith Pound, All Rights Reserved. * LOUISVILLE KENTUCKY HOMES FOR SALE - BUYING FORECLOSURES*
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