what should i look for when buying a foreclosed home?

Profile picture for JANET82

i am a first time home buyer and all i here is that now is the time to buy.  I am scared that because of all the hype i am get my self into a money pitt.

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April 10 2009 - Orlando
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Answers (3)

Profile picture for Mark LeMenager
You should look for a good buyer's agent to guide you through the process.
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May 03 2010
Profile picture for BrianJavier7
schools in the area is a good start, business, how many homes are on the market in that area, check for signs that the area is gonna be growing soon
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May 03 2010
Profile picture for RichRosa
Well, first of all, don't assume the best deals are foreclosed properties. They may be in some states/counties, but there are a lot of good deals on properties that don't have all the issues that bank-owned properties have.

Also, find a good home inspector. You need to know what you are getting yourself into.

Obviously, books can be written on this topic, but the above is my two cents. Good luck!
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April 10 2009
 

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