Foreclosure in Carlsbad>Question Details

Stephan, Home Buyer in San Francisco, CA

What are the benefits or drawbacks to expanding my home search to include FSBOs and foreclosures?

Asked by Stephan, San Francisco, CA Mon Apr 23, 2007

How does the buying process for foreclosures or FSBOs differ from homes sold by agents?

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I would encourage you to include FSBO's, foreclosures and short sales in your search. The best buys, though, often come from motivated sellers who have adequate equity to price their homes even more aggressively than the debt-burdened properties. You may be interested in this article about what could be the best real estate buy of all:
1 vote Thank Flag Link Sat May 12, 2007
Roberta Murp…, Real Estate Pro in Carlsbad, CA
MVP'08
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The single biggest drawback regarding searches for FSBO and foreclosure can be the lack of representation and guidance the home receives. Many time this can lead to improper pricing of the property and lack of critical disclosures. The buying process can be very dangerous with both FSBO and foreclosures if you are missing representation that will prevent you from making huge mistakes.
0 votes Thank Flag Link Mon Apr 23, 2007
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