Sometimes you have to take a big bite.
Great foreclosed homes at irresistible prices require buyers to be prepared to give their highest and best offers. Why? Because if it is an unbelievable deal, it will have multiple offers submitted. If you really want the house and are prepared to pay for it… go for it.
Are you overpaying for the home? Ask your agent; for the most part, no. You are just paying a higher price than the listed price. It probably still will be a great bargain.
Is this a bait and switch? No. Banks realize at times that in order to sell a property they have to lower its price to such an attractive point that it becomes irresistible. They know that the price will draw multiple offers and quite possibly drive the price higher that the listed price.
Many great foreclosed homes here have investors circling the wagons when they come on the market. Whether you are buying for your primary residence or buying for an investment, jumping into this process without an agent can prove to be very costly.
So if you are bobbing for that great foreclosed deal, be prepared to take a big bite.
Have your financing in place.Work with your agent to glean all the necessary information about the property. Be prepared to act quickly. If you don’t it’s a good bet someone else will.
Charlotte, NC has been the apple in many eyes. Stop by our Web Site to pick Your Charlotte Home.
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