Four Tips for Smarter Foreclosure Shopping
Here are some tips for anyone navigating the foreclosure market:
- Don’t pay too much. With so many exuberant buyers, bidding up a property beyond its worth can be easy to do.
- Get to know the banks. Practitioners who establish relationships with asset managers at banks can facilitate good communication.
- Factor in fix-up costs. Most banks would rather sell a property as-is. Buyers should consider what shouldering that responsibility will cost. Touring the properties with a contractor can be a good plan.
- Bid smartly. Help the buyer get the inside track by gathering as much information as you can about other bids.
Daily Real Estate News | November 19, 2009 |







