Why are you not taking advantage of great real estate deals?

Why are you not taking advantage of great real estate deals?

What are you waiting for? On average banks are selling foreclosed properties for less then 80% of the homes current market value. Often times there are minor repairs and maintenance required to bring the house back to a livable status but not always. For example we just sold a house with 7 acres and a walkout basement that could easily bring $190,000.00 on the resale market for $140,000.00. The house was in excellent condition and only needed minor cleaning and repairs. As a buyer there is a certain amount of risk when buying a house “as is”, but that’s what home inspections are for! A licensed home inspector can find repairs or problems that you may not have see yourself and you can decide at that point to proceed or not to proceed with the contract to purchase the property. On the flip side there is also a certain amount of extreme equity to be gained by the buyer as well. That is the trade off.
So the moral of this story is that not all foreclosures are trashed or need a lot of repairs. Some are move-in ready! Don’t be afraid to take the risk because there are many ways to protect yourself. These deals won’t last for ever, so stop waiting!!! Call me today! Julie Moore, Betty Seay Team 502-349-0051 office 502-507-5151 cell