As one of the leading Alexandria Louisiana Foreclosure and Shortsale experts I stay current on our local repo market activity. Bank owned properties have increased over the past few years in our area. However we have not seen the drastic numbers like other parts of the nation. I believe we weathered this storm because of our robust local economy and the fact we never had exorbitant home value inflation.
When purchasing an Alexandria Louisiana foreclosure or shortsale there are pros and cons.
PRO's
1. Usually priced below fair market value.
2. Special Finacing is available through the US government on properties that qualify.
3. You can afford to purchase a home that is larger and more updated for less money.
4. If it is not a mandated owner occupant property you may FLIP IT FOR A PROFIT.
CON's
1. A large percentage of Alexandria Louisiana foreclosures or shortsales are not move in ready.
2. NOT all foreclosures or shortsales will qualify for financing.
3. Some bank owned properties have so many repairs they are a CASH ONLY PROPERTY.
4. Bank owned properties are sold AS IS.
Whether you are wanting an Alexandria Louisiana foreclosure and shortsale for an investment or looking to purchase a home for your family timing is critical. To have that information in real time you will need to be on my special computerized buyer foreclosure alert system.
Do you want to set up a FREE no obligation consultation?
Call me Directly at 318-880-1270 and Connect 2 the 1 agent that knows Alexandria and Pineville, Louisiana Real Estate.
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