The information in this answer is general information and is not intended as legal advice, nor do I intend to create an attorney-client relationship with any reader by answering this question or otherwise contributing as a member of Trulia.com.
The market everywhere is flooded with these foreclosures, so I would recommend calling one agent and workign with them exclusively. You can sit down face to face and tell them exactly what your looking for now, and what kind of timeline you will be looking towards as far as selling in the future. Just becacuse a property is a foreclosure does not mean it is the best deal. Let the agent give you the comps and their opinion of neighborhoods, this information is critical to you purchasing the best home for your needs.
Have a Blessed Day!
FZ, if i said, I am aware of 123 main street 4BR/2BA 2500 sqft home sold for $600k 4 years ago and now is an REO for sale at $229k do you really want all that competition? Pick one agent, sign a buyer brokerage agreement and if you decide to change agents, fire that agent and hire a different one. Any experienced agent won't want to make suggestions without some kind of understanding of exclusive representation. Not to be greedy, but I don't want to count on getting lucky that you like my suggested home better than another agent's suggested home.
Best of luck!!
It is a difficult market out there for many, but a good time to be searching for a deal on a bank-owned (foreclosure) home. Can you tell us more about what you are looking for â€“ like are you looking for a condo or a single family home? What areas are of interest to you? Do you have a price range in mind and a financing plan?
f you do not already have a real estate expert assisting you with your home search, that is certainly your best bet â€“ to find one ASAP! Let us know if we can help. You can call us at 312.242.1000!
Call or e-mail me today. 2 out of 4 of my last closed sales were bank owned and the other two were estate sales. Buying right is how you will prosper as an investor. Let me help you.
If you are looking to buy on the North side of Chicago or in the Northwest suburbs, I can help. I've been working with foreclosure buyers and have probably been through every decent foreclosure in Portage Park, Dunning, Niles, and Norwood Park neighborhoods, just to name a few. You might want an agent with a Construction background that could help you determine rehab work and prices, which I can also help in. Feel free to contact me if you are still looking for an agent.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Americorp Real Estate
Brokers Associate, e-PRO
Contact me to discuss your purchasing power, and I'll e-mail you the best opportunities.
My web site also explains what I do for my clients than many others cannot or will not do.
I am sure the many fine responders to your question should be able to help.
Do you know what area in Chicago you are looking for and are you clear on your requirements
With regards to numbers of beds, baths, schools, square footage, lot size, age etc.
Our business has been running strong for the last 75 years. We have a number of great programs to help acquire and rehab some foreclosed homes with no down payment!
Check out my profile page and feel free to contact me any time!
Now is most definitely a great time for finding foreclosures---there is a glut of them in the Chicagoland area. I would love to help you find one that suites your needs. Feel free to contact me anytime, I would love to assist you. firstname.lastname@example.org or (847)372-5110
Keller Williams International Realty
There are tons out there. If you need help, I will be happy to lend a hand. I have a few years experience with foreclosed homes. Feel free to contact me.