Foreclosures can be a gold mine sometimes, but not all the time. Sometimes foreclosures can cost you more money than you were hoping to spend in the first place. Most foreclosures are sold as is so you can lose a lot of money by purchasing one. The following are all things you need to consider spending some extra cash on when looking for a foreclosure;
- appliances
- damages
- renovations
Appliances can be bought for a better price when purchased used but they can still put a dent in your check book. Appliances are the least of your worries with foreclosures however, if you buy a foreclosure that needs certain repairs it can destroy your check book.
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