In addition to some of the other advice already offered, I would be sure to look at local market data for similar homes to ensure you gettingyour foreclosure at a responsible rate.
Be sure to check online tax records for the property to see how the town/city values the property. This in combination with the market value and asking price should provide a strong direction on what to offer.
Finally, your purchase price will ultimately be determined by what you feel most comfortable paying, based on what you plan to do with the property. For example, if looking to rehab and sell for profit, you will want to make sure you pick up the property for the least amount possible. Whereas if this home is for your personal use, you may pay more of a premium at the auction to secure the property.... more
Great Website for Bank Owned Properties is www.BankOwnedLists.com. You can get updates for all foreclosures in the area.
Denis DaSilva-Broker CDPE, LMC e-Pro
Managing Partner | reavolv real estate | Website: www.reavolv.com
phone: 508-813-6875 | email: Broker@reavolv.com |
Broker License for Massachusetts and Rhode Island... more