Foreclosure in Colleyville>Question Details

Nagendra, Home Buyer in Fort Worth, TX

Is it safe to buy a foreclosure in Colleyville, TX?

Asked by Nagendra, Fort Worth, TX Fri Jan 23, 2009

I am contemplating buying a foreclosure in Colleyville, TX. Wanted some opinion and advise if it is safe and worthwhile to make the purchase. Appreciate the help.

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12
"Meeting your needs and exceeding your dreams!"

It really depends on the condition of the estate, cost of repairs and if the property is priced properly. Feel free to contact me directly so I can better assist you. If estimates of repair are needed I'm sure my vast database of professional contractors consisting on (plumbers, foundation, electricians, etc) will exceeding your expectations. There are a lot of deals to be had out there however you could find yourself in some serious trouble with out a knowledgable agent.

Keller Williams Realty
Real Estate Consultant
Joseph Fernandez
cell: 817-975-7258
off: 817-635-1157
0 votes Thank Flag Link Mon Dec 3, 2012
Each situation is different.
There's not many foreclosures in Colleyville. Right now I only show five.
http://www.metroplexhomesalesinfo.com/listings/propertyid/11814523…

AS far as safety is concerned are you talking about crime rates or the condition of the house?

Are you one who can do rehab and fixup? Most foreclosures need work, so is that what you are prepared to do? Usually the ugliest house is the best deal, so if you can buy ugly and fix it up to the neighborhood standard and enjoy doing that sort of work then it may be worthwhile to you. If you are on the road six days a week and just want a nice place to come back to and relax, then a foreclosure may not be the right place.
0 votes Thank Flag Link Fri Aug 10, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
"MEETING YOUR NEEDS AND EXCEEDING YOUR DREAMS!"

Feel free to contact me directly so I can better assist you in your needs. I could answer your question within minutes. Thank you for your time.

Keller Williams Realty
Real Estate Consultant/ 3xUS Army Vet
cell: 817-975-7258
off: 817-635-1157

For an updated search feel free to check out my new website at http://www.blissful-estates.com
0 votes Thank Flag Link Fri Aug 10, 2012
The best source for this information is to contact the local police department or the county sheriff's department. They have access to the most current and accurate information and are generally very willing to be helpful.
0 votes Thank Flag Link Sat Jan 24, 2009
Nagendra
I am curious about what is behind your question. Is it safe to buy a foreclosure in Colleyville.

What I am wondering about is: are you concerned about value, or condition, or the fact that you are buying a foreclosure?

Where are a few general comments about Colleyville. I live in Colleyville and my children have been educated in the Grapevine/Colleyville ISD. In my opinion Colleyville is a great city to live in and has excellent schools.

There are very few foreclosures in the Colleyville area. Colleyville is conveniently located...........I cannot image that if you buy "smart" that you could go wrong purchasing in Colleyville.

Good Luck in your home purchase...................by the way, great shopping and great churches are also in the area. If you have specific questions we will be glad to answer specific questions about value etc.

Pam with Magness Blaser and Yoakum Realty with Ebby Halliday Realtors 214.929.5535
Web Reference: http://www.mbyrealty.com
0 votes Thank Flag Link Sat Jan 24, 2009
Hello Nagendra,

There is not much of a difference if you were buying a foreclosure or a home being sold by the owner-occupant. You still have to do due dilligence and get the home inspected. Your Realtor should be able to guide through the whole process so you make sure you are getting a clear title and not inheriting someone else's problems.

Colleyville is very desirable, actually there are only 3 forelcosures on the market right now so that's a good sign.

I'll be happy to be your Realtor if you are not commited to anyone yet.

Naima
214-289-8555
Naima@Sumner-Realty.com
0 votes Thank Flag Link Fri Jan 23, 2009
Hi Nagendra,

It usually is okay...however consult a Realtor, to assist you with the process. There are many variables that you want to consider. Most importantly you don't want to over pay or end up with a home that you are unhappy with.

My team is available to assist you..we are a Full Service Firm, with a Mortgage Bank to assist you with your Financing.

You may reach me @ mattye.smith@vrimail.com

Best regards,

Mattye P. Smith
Realtor

American Realtors
0 votes Thank Flag Link Fri Jan 23, 2009
Nagendra, I would recommend working with a Realtor. Colleyville is an excellent area to live and this is a great time to buy. Dealing with foreclosures can be tricky. Is it bank-owned or going to an auction? You will need to understand the issues with the house and the potential repairs that may be required.

Give me a call at 817-726-9663 and I can assist you further on this specific property or any other real estate needs you may have.
0 votes Thank Flag Link Fri Jan 23, 2009
as below it is definitely safe ti buy a foreclosure. as always you will want to have inspections and possibly so spoecified trades come scrutinize electrical and plumbing. at the end of the day a foreclosure can be you best bet for the money. if you are unrepresented give me a call i just helped a good friend of mine buy a home in colleyville. also i offer 20% of my commission rebated to you after closing as and incentive to using my services.

Thanks
RJ
214-682-0598
rj.avery@att.net
Web Reference: http://www.findapadfast.com
0 votes Thank Flag Link Fri Jan 23, 2009
Love to assist you. YES Colleyville is a GREAT area with top rated ISD. I have seen foreclosures in Colleyville worth investment with equity.

Here is a direct link you may have an interest in
http://ntreislistings.marketlinx.com/portal/?PID=664965&…

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor -
The Michael Group "Dallas Business Journal 08' list top realtors"
Dallas Loan Officer - Homewise Lending
Dallas Real Estate Office: (972) 699-9111
Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale
0 votes Thank Flag Link Fri Jan 23, 2009
Nagendra, I am a little confused by the question. It IS safe to purchase a home right now. In fact, it is a very good time; interest rates are low and the market is slightly down. If you are asking, should you buy a foreclosure? That highly depends on the property. Some foreclosures are very good deals and some can be money pits. You can place an offer on a foreclosure and then get a home inspection after your offer is accepted. If the inspection comes out risky, you may terminate the contract. There are also HUD foreclosures that are a little different but you are still allowed an inspection. The trick to buying any home, especially a foreclosure, is to weigh the cost to fix it up to standarts plus the cost to buy against the market value. This is where a knowledgeable Realtor can help. Our job is to look out for you. The Seller usually pays for all the Realtor fees but your Buyer's Agent is the one who looks out for your best interest. I work the Colleyville are and would be happy to help or just answer questions. My cell is 817-881-1280. Happy house hunting!
Web Reference: http://www.SoldByDeDe.com
0 votes Thank Flag Link Fri Jan 23, 2009
Nagendra. Unfortunately it is unethical for us to quote or predict future prices.
In general though I think Colleyville is an excellent place to live and buy.

Bruce Lynn
Prudential Texas Properties Colleyville
214-675-6992
0 votes Thank Flag Link Fri Jan 23, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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