This is my first time buying a foreclosure and I want to know how to get the best deal I can on the house?The
house is 3 yrs old,never been lived in and was built in a new subdivision that has only about 6 or 7 houses bought in the whole thing.The house has not been inspected for occupency and has some issues with cracked tile in the bathrooms and the siding has either weather damage or someone took a weed eater to it,either way it needs to be fixed,what should I do?How much under market value can I offer for it?
Skybrooke2,
You should probably get some help and look at comparable's in the area and also look at how long it has been on the market. A realtor familliar with the area will be able to guide you.
If you are looking for rehabilitation financing that is my specialty with the FHA 203K rehabilitation loan. Please read my blog in the reference section and which describes how the program works. If you are interested in help with any kind of financing I will be happy to assist you. You can reach me on my cell phone in the evenings and weekends as well as during the day.
Good luck!!!!
David Cruickshank
Ardain Mortgage Corp
847-354-5455
davidc@ardain.com
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