4 Important steps to buying a foreclosure

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Real Estate Agent 63145
https://activerain.com/droplet/4Dd7

So you are ready to buy a new home and you are looking for a great deal.  With the last few years in the housing market, many people today are looking to make the most out of their new home purchase.  There are many options to consider when purchasing a new home.  Here are a few tips to help in your decision process.  1) It is very important when looking at a purchase, to know the history (market) of the neighborhood.  When buying a Foreclosure, you will want to know how long has it been vacant, was the home taken care of, or are there major repairs that need to be made? Many banks when taking back over a property will usually go through and check out major systems and the home in general for pricing purposes and for trying to help the sale of the home, often time repainting, etc., but this is not always the case. They usually would rather see a homeowner move back into a home and are very willing to work to see this done. 2) Price wise you definitely do not want to overspend, nor be the highest purchase on the block; even a foreclosure is not always the best deal.  Home prices are rising, but not of significant value in many areas.  It is very important when you begin your hunt that all things have been taken into consideration.  The cost of renovating a home that has not been well cared for, or is in need of repairs, versus a well cared for home in the same neighborhood, and your ability to do repairs versus hiring someone. 3) You will want to know exactly what you want to spend and this can help with getting a pre-approval done ahead of time with your bank and knowing the monthly payments you feel comfortable with.  4) Finding a reputable real-estate agent to help you through the process and knowing the area market value is essential. Feel free to contact me for any questions or help. www.buyrealestatecolumbia.com.  Most of the time the fees for having your own agent are covered by the seller, so why not use someone with experience to help you through the process.  Debbie Lattimore - Your faithful resource in Real Estate. Serving Chapin, Columbia, Irmo, Newberry, Lake Murray, SC and surrounding areas. I will be there to walk and guide you through one of the most personal, emotional and financial investments you will make in your life. Call my direct line,803.528.1389 or email me, debbie@exitpalmetto.com.

 

Copy written by, Debbie Lattimore 

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Debbie Lattimore - Your faithful resource in Real Estate. Serving Chapin, Columbia, Irmo, Newberry, Lake Murray SC and surrounding areas. I will be there to walk and guide you through one of the most personal, emotional and financial investments you will make in your life. Call my direct line,803.528.1389 or email me, debbie@exitpalmetto.com

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Topic:
Home Buying
Tags:
lexington
columbia
foreclosure
lake murray
homebuying

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