Foreclosures

Foreclosures, Fixer-uppers and Distressed property

Done correctly, purchasing a foreclosure or other kind of distressed property offers a knowledgeable buyer the opportunity to buy a house at a value below true market price.

Most people overpay for these kinds of property.

Knowing how to locate them, deciding what their “True Market Value” is and negotiating a good deal while competing with other buyers is both an art and a skill.

Many times these properties come right through the Multiple Exchange Listing System. Other times they can be found in various stages of distress, but are not yet available for sale. Being in the right place at the right time and having the sophistication to know how to negotiate is the key to succeeding with these types of properties.

We expect the effects of COVID -19 will unfortunately present many such opportunities in the future.

We teach our clients what to look for when considering these houses and help you evaluate whether you have the skills and/or resources available for these purchases.

Please contact us if you have further interest in learning how to benefit from owning one of these homes.