Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Such a DEAL! . . . Maybe It Really Isn't
I would like to share with you a very good post written by Carla Muss-Jacobs. She makes some very valid points on buying distressed properties. If you're thinking about buying foreclosures in Appleton or the Fox Cities Valley just give me a call, Bob Edwards at (920) 202-2431. I'll provide you with a list of foreclosure homes and share more important tips.
This blog was inspired by Charles Buell's The Perfect Storm
I started thinking about this, and realized how amazed I am that some short sales, but mainly foreclosures are coveted by Buyers.
Because Buyers think that a Foreclosure, mainly, is a great bargain. The lure of getting something for nothing, or a lot of house for a little buck.
Sometimes that's the case. Most times, it's not.
The main thing to consider when you are representing a Buyer, or are a Buyer, is condition. The condition of foreclosure property might be in dire straights -- a tear down -- or, it might need some sweat equity.
Rarely, and I mean rarely have the foreclosed homes I've toured been move-in ready.
If you're a Buyer, or representing a Buyer who is interested in Foreclosures, try to be realistic.
Do you have ... more
Are you on The Rain? Grow Your Network!