I work with a lot of foreclosure buyers and sellers in the Winston Salem, NC area. I must say foreclosures are a new breed these days. Once upon a time foreclosures were not a desirable property and had a stigma about them for the average buyer. These days EVERYONE wants to buy a foreclosures! Man things have changed.

The misunderstanding that I have seen in this new market is that buying a foreclosure means you are getting a great deal. NOT TRUE!!

Many times it is true that buying a distressed property can land you a good investment. However, in this buyers market there are a lot of GREAT deals that are not foreclosures.

The rub with a distressed property is that you are buying it "as-is" so there is no repair request done. Meanwhile, you can get a great deal on a home that is being re-sold and negotiate a great price AND get the seller to help you with repairs.

The moral of the story: Everthing that glitters is not gold. Keep an eye out for the deals out there, not just the foreclosures! If you would like to see some great deals check out our hot deals: www.TheCarolinaCrew.com