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You may be attracted to the big bargains that foreclosures and pre-foreclosures can offer. But distressed properties can involve tricky, lengthy transactions, and there’s a lot to think about before jumping in.
Make sure you get a good value: Before you make an offer on a foreclosure or short sale property, you need to carefully review a list of comparable sales prices in the area, the number of nearby foreclosures, local school districts, and close-by amenities. Contact me to obtain comparables.
Watch the condition: Foreclosed homes are often sold as-is, but it is imperative that you get a home inspection done prior so you know the cost estimates of any repairs needed. Contact me for a list of inspectors that can assist you with this.
Look for special financing: The Department of Housing and Urban Development offers some options. Contact me to discuss which Virginia Lender can offer additional information on loans for foreclosure proeprties.
Contact me to schedule a private consultation to discuss how I can assist you with buying a foreclosure property. If you are thinking of buying or selling a home in Northern Virginia, I would love to help you, contact me (800)576-3280 and let me help you achieve your real estate goals!
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