Sunday, November 8, 2009

Foreclosure homes are in most neighborhoods these days...

Are you or someone you know interested in purchasing a foreclosure property?



The banks have rules and they expect all of us to follow them! Our Real Estate Team knows what the banks want and we know how to get you what you want...



First: The banks do not want to be in the business of selling Real Estate.

Second: The banks want a sold home along with a new mortgage.

Third: They want you to buy As Is properties from them.



When purchasing a foreclosure house you will need to understand that the house is being stamped with "as is" all over it... therefor once you have a offer that the bank has agreed to, a Home Inspection is in your best interest because the bank will have you sign pages and pages of what they call "addendum's" which is spelled out in a hundred different ways that you will be buying there home"as is" so the home inspectors report is basically "for your information only" that way you will be well aware of repairs that may need taken care of either immediately or in the future. We have negotiated with banks and have successfully got them to do major repairs and pay for the repairs such as Furnace/Heating and Plumbing work... it doesn't happen every time but it is well worth the effort to negotiate repair work on our buyers behalf!

Before buying call, text, email or contact us on Facebook we will gladly answer your questions about purchasing a foreclosure property.

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