Looking to buy a house in the near future.....what is your take on foreclosed homes?? Is there a program where i don't have to pay to see them??
2007-01-17 08:12:49 · 6 answers · asked by 123456 1 in Business & Finance ➔ Renting & Real Estate
Pay to see them? Not sure what you mean by that..Around here you don't pay to see any houses..
Anyways, Back to your question..Foreclosures can be GREAT but they also can by Ugly..Usually when you buy a home like that you are buying the house just as you see it today with no warranties and no or limited inspections..(the good, the bad and the ugly) So you need to be financially ready for that..You need to have enough money available to you for the "just in case" situations that may arise in those houses..For example..The plumbing may be bad or leak because it was frozen..The A/C may not work..The electrical may not be up to code and they electric company will not turn it on until it is..The roof may leak...You need to consider all the "what-ifs" when buying these homes and make sure you can afford them..Good Luck..ss
2007-01-17 08:38:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You never have to pay a realtor to show you homes. They always get paid by the seller when you choose one that you want to buy.
Realtors sell most of the homes that are foreclosures. The know best how to deal with either HUD or the banks that owned the foreclosures. The truth is that a foreclosure is not always the best deal simply because it's a foreclosure. Some banks are really high on their prices of their foreclosures, so be aware that not all are a slam dunk good deal.
A motivated seller who is transferring is a good seller to negotiate with. Some people who are in financial trouble are far more likely to sell lower than a bank, so your realtor will know all about this and guide you into the best deal that is available at the time that you are shopping.
Very best of luck.
2007-01-17 16:39:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Does the term circling Vulcher mean any thing to you. And these infomercials forget to tell you that some family was screwed of devastated.
I know you are only thinking of you and trying to get a deal but think about what you are doing.
Also i would not buy a flip home, let them loss it to the bank for screwing you and every body els. If you want to see how dishonest the housing market is check out this web site.
http://www.breakingbubble.com/index.htm
2007-01-17 20:06:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well, I wouldn't go to the courthouse or public records- that's just a pain.
just like any other product or service if you want quality and no hassle you will have to pay.
What about a compromise, a free trail site.
I believe http://www.foreclosure.com has a free trail offer.
Good luck!
2007-01-17 17:22:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yeah, they always have to display them at the courthouse for legal reasons and that's also where they you can bid on them and get a decent deal if you know what your looking for and what to look for. that also gives you a chance to go the house and get a sneak peak before any bids BUT, be careful of the money pits. typically they have auctions on Tuesdays but again you'll need to contact the courthouse for bid dates. you can also go ahead and get a letter from the bank for a maximum loan amount prior to going to the auctions. be prepared and have in mind what the maximum your willing to bid on anyone of them. good luck.
2007-01-17 16:36:59 · answer #5 · answered by cher 2 · 0⤊ 0⤋
Homes in foreclosure are advertised in the newspaper when they are going to be sold. Go to an auction and watch. You will see that no great deals are to be had. 1,000's of tapes and CD's are sold telling you how to buy them though. Get it?
2007-01-17 16:37:45 · answer #6 · answered by sm4125 3 · 0⤊ 0⤋