Saturday, January 2, 2010

Buying A Foreclosed Property

In some ways, buying a foreclosed property is similar to purchasing a
more traditional home.

In other ways, it's very different.

In either case, you should be working with a professional REALTOR®
such as myself from the start. I can assist you every step of the way,
from finding the right mortgage to finding the right home and getting
the right deal.

You should first get preapproved for a mortgage. This will not only
determine how much you can afford to pay, but it will give you a
competitive advantage when you begin making offers.

Then decide what you're looking for in a home: which neighborhoods
you're interested in, the type of home (ranch, split-level, etc.), the
number of bedrooms and bathrooms, and so on.

You've already started researching the market on remax.com and you
can begin taking a closer look at foreclosure properties that look
promising. If you live in the area, you might drive around
neighborhoods that interest you.

I can then help you narrow down your search, and I may know of
listings you're not aware of. I'll compare prices of recently sold homes
against homes in which you're interested and help you get the most
house for the money. You may even decide a foreclosure isn't for you.

If so, I can help you purchase a traditional home.

Whether you're going to buy from the homeowner during the pre-
foreclosure process, at a public auction or from a lender or
government agency, I'll provide guidance and counsel every step of
the way.

One of the ways in which buying a foreclosure differs from a traditional
sale is that these homes are usually sold as-is, meaning the owner
won't perform or pay for repairs. Therefore it's especially critical that
you have the home professionally inspected and be ready to address
the possibility of costly problems, or if needed, walk away and
continue your search.

Buying a home or investment property can be one of the most
rewarding things you do. Please call me and I'll help you through the
many tricks and traps along the way.

Dallas Chambers
RE/MAX Agents Realty
Office: 770-922-7777 X316
Cell: 770-595-1541

Web: http://dallaschambers.agentsrealty.com/
E-Mail: dallasc@remax.net

Each Office Independently Owned and Operated. All information deemed reliable but not guaranteed.

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(Service Areas) Georgia: Rockdale, Newton, Henry, Gwinnett, Walton (Areas of Specialization) First Time Buyers, Move-up Buyers, Relocating Buyers and Sellers, New Construction, Resale Homes