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4 Critical Tips When Purchasing Foreclosure Real Estate
4 Critical Tips When Purchasing Foreclosure Real Estate  
Buying a foreclosed property in North Branch and the surrounding area can be different than buying other types of real estate.
In many cases you will be able to get a fantastic deal on a home, but you will need to go through quite a bit of work and negotiation.
Here are four tips to help you navigate the foreclosure buying process:
Find the right real estate agent The first thing to keep in mind is that your real estate broker will deal directly with the bank that owns the foreclosed property.
The bank has the final say in whether they’ll accept your bid – so you want an agent who has developed a good relationship with them.
Know that cheap doesn’t mean good value Sometimes the tiny price tag on a foreclosed property can be very tempting, but make sure you are asking questions about the value and the potential expenses of the house.
Will it require extensive repairs?
Will you be able to find a tenant?
Does the property have potential for appreciation over time?
Perform a house inspection If the previous owners were foreclosed on because they couldn’t make ... more

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