While the economy does seem to be picking up – foreclosures are still a reality in many community. Some communities that had a reputaiton for being above or beyond the threat of forclosure are being hit. SO it can be a good time to pick up property cheaping and/or in a wider range of neighborhoods. RIS Media offers advice to anyone who is thinking about puying foreclosed property:
- Get it checked out by a pro.
- Don’t abandon common real-estate logic.
- Skip – or, at least, very strongly rethink – the flip.
- Go over the budget.
- Do your homework on lenders.
- See it in person.
Submitted by exclusive buyer agent, Mary Rugani.