Unfortunately it looks like this house is under contract according to HomePath. Here is the information on the property: http://www.homepath.com/listing?listingid=37136677
Of course, I would highly recommend that you pay for a home inspection and make it a contingency in your offer. Since the property is listed for so little, there must be some substantial problems with the property and you want to go into the purchase with your eyes open. Also, check the neighborhood as this has a considerable effect on the value of the property and the potential for resale.
Feel free to call me 585-613-4606. Curt Amesbury http://www.cemproperty.com
As for buying foreclosures, you can get some deals out there. The bank is in control and has a bottom number. I do not see this listed in our local MLS so the bank either has not listed it yet or it has been sold already. Without an exact address I am unable to find it.
Closings can take anywhere from 30-60 days for cash deals, and depending in the bank and situation even longer.
If you are looking to put in some sweat equity and have cash around for a real estate investment then I say go do it. There is a really good return in property if you know what you are doing. If you would like to talk this over, I have some time today. I can best be reached at (585) 236-7780 or email me at BradNewton@Remax.net
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