Thinking about buying a foreclosure property in Laurel Md?
To see all foreclosure homes in Laurel Md click buying a foreclosure home in Laurel Md
Not too infrequently, I will be at my desk when I get a call from someone who wants more information about a property in Laurel. Well I am the guy to call about Laurel real estate. I live in Laurel Md and I do business here.
So I ask the caller how I can help them. They indicate to me they are interested in a condo in the Laurel Lakes subdivision.
They give me the address, I look up the property and I am not too happy with what I find.
The condo is a foreclosure for $50,000 or less.
The buyer is usually excited because the property is still available. The buyer then explains that for that low price his mortgage payments will be real low.
I know this drill real well. I begin to ask the buyer questions, have you ever bought a foreclosure property before? Do you intend to live in the property? Are you aware that most banks will not give you a mortgage at that low of an amount? Do you know at this price you will be competing with investors who have the cash?
I hear the enthusiasm drop in the caller's voice. He thanks me for the information and then hangs up.
I don't ever want to discourage anyone from buying a home. In fact, I want to encourage everyone to buy Laurel Md. real estate.
However, many people do not understand the finer details involved in buying foreclosure property under $50,000. Please feel free to contact me for more information.
To search for all Laurel Maryland real estate search Homes for sale Laurel Md.
To see all foreclosure homes in Laurel Md visit Foreclosures in Laurel
Comments(0)