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The Benefits of Buying a Foreclosed Home

December 18, 2013

foreclosedpmBuying a foreclosed home is the equivalent to buying off of the clearance rack at an upscale store.  It is the same merchandise that people once paid top dollar for only now you can get it at a discount.  But getting a lowered price isn’t the only benefit to buying a foreclosed home.  In fact in many foreclosures (or short sales) the seller will be more motivated to sell and therefore may be more likely to do repairs.  The seller may also be open to paying the closing costs as well as other concessions.  In foreclosed homes as well the seller is required to provide the buyer with a complete history of the property’s condition, problems, or repairs.  So in addition to snagging a great price there are many other benefits to considering looking into foreclosures.  If you are interested in finding a foreclosed home or have any questions feel free to contact me!

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