Kernersville foreclosures are a seemingly very popular topic among home buyers these days. It seems everyone is looking for the best deal they can find. Certainly foreclosures are a great resource for finding a well priced home, but it can be a lot of work also.
Most Kernersville foreclosures are in need of many repairs. Therefore, they usually will not qualify for the most popular home loans. Likewise, consumers are purchasing the home "as-is, where is." Meaning that you get your due diligence period to conduct your inspections but once you close and take possession any additional problems you find are your own.
Typically, a good home inspection can reveal most of the physical damages and problems that might exist in a Kernersville foreclosed home. However, often there are places in a home that are inaccessible, or impossible to explore. For this reason buying a foreclosure can be a gamble, but just like gambling you can win or lose.
Most home buyers I encounter are open and excited about buying a Kernersville foreclosure deal. However many of them are contest to settle on a resale home that is well priced and IN GOOD CONDITION! Unlike most bank foreclosures you can request that a seller of their own home make some or all of the repairs you may discover during your inspection period.
Kernersville foreclosures can be a great investment but typically will require more money out of pocket for your repairs and likewise for your loan (unless you are paying cash).
If you think you might want to explore getting a good home deal then you can browse these Kernersville foreclosures for sale.
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