How to find a Great Home Deals on Foreclosures and Bargain Homes.

Real Estate Agent with RE/MAX Western Realty

Everyone loves a great deal. When it comes to the biggest investment most people ever make, finding a great deal on a home becomes even more important.  As is true of most everything, preparation is the key to success.  Shopping for foreclosure, distress, and bargain homes can provide great deals.  If you are looking for "move in condition", "cream puff", "neat as a pin", forget about finding a great deal.  The best deals are on homes that need some work.  If you are willing to do some work, from minor "fluff and puff", to major remodel, this is how great deals are made.

1) Get your financing secured in advance. Foreclosures and other distress sales have one thing in common, they want to close YESTERDAY!  Home loan pre approval is an essential first step. This can be done with NO UPFRONT COST, for details contact

2) Inspect and investigate a property thoroughly. Proper homework and field work can help avoid expensive surprises later on down the road. A good Buyers Broker ( can do much of this work for you, AT NO COST TO YOU! Typically the seller pays real estate commissions, even if the property is bank owned, known as REO (real estate owned).

3) There are many sources for Foreclosure, REO, distress sales, fixer upper and other bargain homes. In Durango, check out 



Comments (2)

Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal

Scott,  There are a lot of foreclosures coming up.  It's a great niche to become experienced in. 

Welcome to Active Rain.  Let  me know if you have any questions.  I just started blogging here a few months ago and have really enjoyed it.

Mar 19, 2007 08:34 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Oct 09, 2017 07:32 PM