Sentences with phrase «foreclosure is a good buy»

But how do you know which foreclosure is a good buy, and which to walk by?

Perhaps the most essential point: Never go by looks alone as an indicator of whether a foreclosure is a good buy.

Not exact matches

Foreclosures are widespread (usually the owners were victims or ARM loans but otherwise pay their bills), this means that these previous home owners will be out of the home buying game for a good 3 years because a lender will not lend to them, they become renters, usually of houses.

While you are probably not planning to buy a home with the intention of going into foreclosure in the future, it is best to be aware of where you stand and what you can expect if your circumstances were to change for the worse.

Two good places to start are www.hotpads.com, which lists information on bank foreclosures, and www.ushomeauction.com, which will give you a good idea of prices for foreclosed homes throughout the U.S. «My husband did some fact - finding on the Internet and I attended real estate seminars before I contacted a real estate agent,» says Maria Woroniuk, 50, an operations manager in Calgary, who is interested in buying a property in Arizona.

Purchasing and Investing In Foreclosures When it comes to today's home - buying and lending markets, there isn't much in the way of good news.

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Whether you are looking to buy a home or a foreclosure hiring a home inspector to inspect your real estate investment is a good idea.

I agree it's definitely a good time to buy foreclosures.

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It's essential that you thoroughly research the different ways you can buy a foreclosure, as well as the process for obtaining a home loan for this purpose.

Many people forego a hard money loan if they are buying their primary residence, have great credit, good income reports, and no poor history such as short sale or foreclosure.

The idea was that they will retire to it in a couple of years, but that they would likely be better off buying the foreclosure fixer - upper then rather than waiting for full retirement and buying when prices had recovered.

Acquisition of discounted investment property through: (i) a foreclosure auction, (ii) a bank's sale of bank owned property («REO property»), or (iii) a short sale may present a great buying opportunity in today's real estate market, but these transactions present unique challenges that should be thought through well in advance of the acquisition if the acquisition is intended to complete a tax deferred exchange through your qualified intermediary («QI»).

When buying foreclosures at the auction, it's critical to know the steps involved so you'll have a good experience.

If you're buying a foreclosure, or if the price looks too good to be true, ask your realtor why.

I might write about the importance of being preapproved, recommend a good loan officer, offer to provide a list of foreclosures, or check to see if the recipients have a home to sell before buying (a great way of flushing out potential listings) and, if so, whether they'd like a free market analysis.

As well as in Oregon your not allowed to buy pre foreclosure then rent back to the owner (not sure why but that's the law)

Account Closed thank you i will do that, im trying to figure out what would be a good benchmark to go against for example, should the property i purchase be 10 to 20 % below market value, should i buy short sales or foreclosures than rehab them refinance them than rent them out etc. something of that sort of line.

What I personally found was that the only way to get a good yield on a rental property here is to buy a distressed property or foreclosure at a discount then fix it.

After some time went by I learned that I could buy a foreclosure with 3.5 % down, well that was only a few grand and because I had started saving I had already accumulated the whopping (#sarcasm) $ 2,500 I needed.

In the best scenario buying a foreclosure is also financially advantageous since the price you paid is below market rate.

If you can answer «yes» to each of these questions, buying a foreclosure could be a good choice for you.

Buying properties after foreclosure using REIA comps is a method you can use to ensure you are given the best price for each and every property you review.

While you are probably not planning to buy a home with the intention of going into foreclosure in the future, it is best to be aware of where you stand and what you can expect if your circumstances were to change for the worse.

Topping the list of best places to buy foreclosures in 2013 was the Palm Bay - Melbourne - Titusville metro area in Florida with a total score of 394: 34 months» supply of inventory, foreclosure sales representing 24 percent of all sales, average foreclosure discount of 28 percent, and a 308 percent increase in foreclosure activity in 2012 compared to 2011.

«With good reason there's been a significant increase in interest from institutional investors wanting to enter the single - family market this year, but the only deals the industry has seen close so far have been bulk foreclosure buys on homes that still need to be redeveloped and leased,» Mack Cos..

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 % of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

My research suggests that most Turkey companies buy some junky foreclosure for pennies in a B -(or worse) neighborhood, do a poor quality rehab project (because hey, after all, it only has to look good to the out - of - state buyer, who'll likely never know that the drywall is from China and is spewing fumes, along with the cheap laminate which offgases enough formaldehyde to start your own chemical factory...) and THEN the Turkey co. says, wow - all I have to do is price this over retail and promise easy returns, and some out of state buyer will fall for it.

We bought a foreclosure and are TRYING to fix it up, but it would be so much better if y ’ all helped us!!