So What Happens To All Those Maryland Foreclosures Now???
It is day three of the monster storm dig out. Day one was spent staying ahead of the massive amounts of snow on the driveway and on our heat pump. Day two was spent digging out our vehicles, clearing the sidewalks, and continuing the driveway clearing. Day three is clearing the deck (which is low to the ground thank goodness) and more of the driveway.
But what about all the vacant homes throughout our state. You know the ones that have been vacant for ages because of foreclosure. No electricity. No clearing of the decks or driveways or roofs. What happens to them now?
Showing a foreclosure was hard bad enough before the biggest snowstorm in decades. Going down in a dark and smelly basement to check things out was tough. Seeing the condition without snow was heart wrenching to say the least and now with a blanket of snow over every inch of land and home is going to make a purchasing decision even harder.
Buyers need to be more diligent than ever when considering a foreclosed home for purchase. A winter of this magnitude brings more challenges than many would care to take part in. So many more things to be aware of, to look out for, to think about.
Foreclosures can be a good buy but only under the right circumstances and with proper guidance. Buyers need to gather even more trusted advisors than ever before when making a buying decision of a foreclosure right now.
When the snow clears and you are back into the swing of looking for your new home do not forget the challenges the snowstorm could have added to the foreclosed home you are looking to purchase.
Buyers Beware. It stands true now more so than ever.
if you, or someone you know is looking to purchase or sell a home in the Annapolis Metro area give us a call. 410-440-7839. The Real Estate-Lady Team is here to help you make sound real estate decisions with or without the snowstorm of the decade.
Martha Brown of Long & Foster Real estate
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