Considering today's lowered prices in the real estate market, more people are buying foreclosed homes than ever before.
Is buying a foreclosed home the right decision for you? Buying a foreclosed home deems advantages and disadvantages.
Some benefits lie in the low purchasing costs.
However, unexpected costs may arise while performing the maintenance that foreclosed homes often require.
It may be difficult for a first-time homeowner to purchase a foreclosed home, due to the lack of experience.
After owning a home, one learns about proper financing, tax shelter issues, property maintenance and home improvements.
If you are a first time homeowner, or if you consider yourself a veteran, when buying a foreclosed home it is highly recommended that you seek professional help.
Finding someone who works in the field, and has experience with all of the intricacies of the market could be an immense help in the success of your buying experience.
With over 800,000 filed foreclosures in the first quarter of 2009 (RealtyTrac's latest foreclosure report), the market is being swamped by these closing houses, available at low costs.
Glen Jensen, a real estate agent for Jenson Realty, said that housing prices are at an all-time low.
"Right now you can buy a house and pay less than what you would pay if you rented the house," he said.
It is a better time than ever to purchase a home With the help of a professional real estate agent, you can make an educated decision on buying the right home for you.
Is buying a foreclosed home the right decision for you? Buying a foreclosed home deems advantages and disadvantages.
Some benefits lie in the low purchasing costs.
However, unexpected costs may arise while performing the maintenance that foreclosed homes often require.
It may be difficult for a first-time homeowner to purchase a foreclosed home, due to the lack of experience.
After owning a home, one learns about proper financing, tax shelter issues, property maintenance and home improvements.
If you are a first time homeowner, or if you consider yourself a veteran, when buying a foreclosed home it is highly recommended that you seek professional help.
Finding someone who works in the field, and has experience with all of the intricacies of the market could be an immense help in the success of your buying experience.
With over 800,000 filed foreclosures in the first quarter of 2009 (RealtyTrac's latest foreclosure report), the market is being swamped by these closing houses, available at low costs.
Glen Jensen, a real estate agent for Jenson Realty, said that housing prices are at an all-time low.
"Right now you can buy a house and pay less than what you would pay if you rented the house," he said.
It is a better time than ever to purchase a home With the help of a professional real estate agent, you can make an educated decision on buying the right home for you.
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