You could buy your next home at up to 25% or more below market price when you search for FORECLOSURE and DISTRESS SALE PROPERTIES. One of the best real estate investments that you can possibly make is buying bank foreclosed homes. If you're the type of person who recognizes what a great deal is or are willing to learn the difference between overpriced and underpriced properties, then you should take advantage of these opportunities. They are listed along with other homes the same way as other properties without reference to them being power of sales or distress properties. They are on the MLS but current laws do not allow the terms "Power of Sale" or "Foreclosure" to be referenced in any advertising. The best way to find and buy a home below market value is to:
a. Have a look through the listings as they get mailed to you and when you're ready do a drive-by inspection on any of the properties that appear to suite your needs.
b. When you see any of interest you call me and I'll arrange a private showing for us. This will help you to get educated about the local real estate market. When you're ready to buy you'll know what homes will be a good value and which ones are overpriced.
c. Work with a trusted agent that knows the market and can steer you away from making a bad purchase. Also an experienced negotiator can get you the best price and terms when you do put in an offer. (that's where I come in)
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