HOW TO BUY A FORECLOSURE 101
November 19th, 2009 categories: Buying, Market Trends
Even though Chicago doesn’t have the high percentage of foreclosures that other parts of the country have, the pricing makes them extremely attractive. If you are interested, even after all the discouraging words I have written, you can get some really good information from a CNNMoney.com posting, 7 Tips For buying foreclosures. To read it, just click here.
The seven tips are extremely practical and can be very, very helpful. My mind has not changed–foreclosures, short sales and any distressed property ara best suited for an experienced real estate owner, an investor, or someone who can do a fixer-upper. Faint hearts stay away! They are not the best choice for a first-time buyer, anyone with a set time frame, or anyone who gets nervous during the process of negotiating and waiting to close a real estate transaction.
If you would like to investigate the distressed prperty market–just give me a call. My direct line is 312-981-2360, or cell phone, 312-607-1306.
Other posts that might be of interest are:
Bank Owned Homes–Are They a Good Deal?
Is There a Good-Deal Foreclosure Left?
This entry was posted on Thursday, November 19th, 2009 at 2:36 pm and is filed under Buying, Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
