Even in today's healthy real estate market, foreclosures are still available. Many banks have begun rehabbing foreclosed homes prior to the property being listed. These rejuvenated foreclosures are often at no better value than any other re-sale home on the market. Therefore, buyers wishing to build sweat equity should focus on non-rehabbed properties. It's important to work with an agent who understands the diversity of a foreclosure sale and can successfully navigate you through the process! Below we have created a list of some helpful foreclosure facts:
Buying a foreclosed property can be a great investment either for building equity, utilizing the property in a rental portfolio or as a real estate flip! But foreclosures only encompass a small amount of the investment market. Our agents can guide you to other distressed properties such as short-sales, non-MLS wholesale deals, and properties which are listed for traditional sale and suffer from deferred maintenance or cosmetic dating. Our agents have connections with many investors and investor buyers in our great state. Let our knowledge and experience help you build the foundation for your financial future through real estate investing!