Hassles of buying foreclosures at auction. If buying a house is like navigating an obstacle course, then buying a foreclosure is like crossing a minefield. “Make sure your eyes are open and you’re educated (about the process),” says Hamilton, who is the National Association of Realtors vice president for the region of California, Hawaii and Guam.
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Important lesson: Never buy a house without doing your homework. And buying vacant land may not be exactly the same as buying a house, but similar rules apply. You should always know what you’re.
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Unlike flippers or other buy-low, sell-high investors, our business model is fee-based. We use recent, comparable home sales to make a competitive offer on your home. Then, if you decide to sell to us, we take a service charge out of the sale proceeds similar to how an agent takes a commission in a traditional sale.
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doing much research online before taking a house tour. But high prices force many to settle for a starter house rather than a long-term home, he said. One young couple, in their early 30s with middle.
Buying a house is complicated. We suggest 6 rules for getting. You can also find a realtor through an online directory. No matter how you find.
Q. I am curious about buying a foreclosure home at auction. I don’t want to spend more than $500,000. What’s involved? Can you find a good deal at one? –Columbia, Md. A. You can pick up a deal at an.