Check Out the Latest Foreclosures
Foreclosed homes are still very attractive to real estate investors and buyers looking for great deal. It is important you know the pros and cons of foreclosures. Every experienced investor knows that foreclosures are rarely bargains and almost always include expensive renovations. Don’t be promises of buying pristine properties for pennies on the dollar. That rarely happens.
Foreclosures are getting harder to find, but Les is here to help you. If in the market for a short sale, foreclosed or REO property, please contact us to get the latest list. Though we display the most recent foreclosures listed in our MLS, not all properties make it online. They sell too quickly!
You want and need a licensed real estate agent working for you on the inside. We’d love to help you keep track of the latest opportunities in the Gulf Coast. If you want to view properties today, please don’t wait for an email reply, call us at [phone] for the fastest service.
Some Foreclosures are Deals, but Not All
Foreclosures are usually distressed properties, in poor shape and unmaintained. Bidding forced can force you to make quick decisions based on limited information. All cash without adequate time to inspect the property before buying it can be required by the person selling. There could be legal judgments, second mortgages and liens, which you may not discover until after the sale.
If you are determined to go this route, there are some essential tips to go by. Keep track of all the available listings in an area through the legal notices of the local newspaper, web sites of major lenders, the county clerk . You will need to be certain that there are not any liens against the property.
Liens against the property; tax liens or creditor liens, can take a large sum of money and time to resolve. You need to do your due diligence on all properties before you make any offer.
The process is made easier by directly contacting professionals like us. If you want a foreclosure house listed by HUD, you will have to go through a real-estate agent. Most agencies selling foreclosure properties offer compensation to real estate agents. Les Austin can assist you in arranging inspections, obtaining pre-qualified financing, negotiating with the sellers and hiring contractors to do necessary repairs.
We can provide guidance on which repairs are necessary and those renovations that will not pay for themselves. Many first time investors over improve properties and are not able to get that money back when they sell. Many states exempt foreclosure sellers from disclosure laws, meaning they do not have to disclose any information on the property. If you discover negative facts about the property after your purchase, you are stuck.
For more information about buying foreclosures in any Florida cities call (850) 516-4771.