Jennifer,
I agree there are many reasons to consider both. I am very familiar with the Independence market and can say that you will have a good mix of both types of houses. If you want a home that needs little work to move in, in other words paint, carpet and general cleaning opt for a home that is being sold with a seller in place. This also makes it easier to get some repairs done. If you want a home that you can work on over time an make it what you want, then perhaps a foreclosure will work. Housing prices are down so a nice home can be purchased eaither way. You have to decide how much work you really want to do.
I would love to discuss further, please feel free to contact me.
Sherri Oaks 365-8660

GREAT QUESTION:

It all depends on many factors involved. Most home foreclosures are in distressed condition require work, if you are aprpoved ready to a move then a seller home is your best interest NOT ALL OFFERS you submit for a foreclosure is accepted you have to continually submit multi offers on foreclosures till you have secure bid.

I do consult with many 1st home buyers across the country if I can be of any further assistance

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Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer

depends on the first time home buyer. If you are REALLY handy, if you have lots of time to wait and deal with the banks and to look through lots of bad homes to find the diamond in the rough, the foreclosure may work for you. If you just want a good deal that may take some work to make it shine, typically an older person's home that has been very well maintained but isn't updated and hence is selling for less is a better buy.