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Kimberley Isler
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- 18 Listings
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I am a dedicated real estate Broker/REALTOR in the "High Country" of western North Carolina. My services as a Buyer's Agent or a Seller's Agent include
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Kimberley Isler answered:
Greetings, Susan.
Purchasing a property that is in (or about to be in) foreclosure can be a complex procedure. If it is a bank-owned property, there can be delays in getting responses from them, many documents to sort through, and guidelines to follow.
Properties can be identified through notices in the local newspaper, and in the tax departments at the courthouse. If you provide a REALTOR with your criteria, he/she can search the Multiple Listing Service for those properties too. You may wish to interview several Brokers to find one that you feel comfortable with. Discuss your criteria with your Broker, i.e., price range, location, number of bedrooms and bathrooms, amenities, etc. He/she can do a search using the criteria and provide you with the results, along with plats, surveys, restrictions, etc.
If you have financing lined up before beginning this search, you are in a strong position when it comes to negotiating price and terms. Be aware, though, that many foreclosure properties are sold "as is," and repairs may not be negotiated.
If I can answer any specific questions, please feel free to contact me.
Kimberley Isler
realtymaven2005@yahoo.com
Purchasing a property that is in (or about to be in) foreclosure can be a complex procedure. If it is a bank-owned property, there can be delays in getting responses from them, many documents to sort through, and guidelines to follow.
Properties can be identified through notices in the local newspaper, and in the tax departments at the courthouse. If you provide a REALTOR with your criteria, he/she can search the Multiple Listing Service for those properties too. You may wish to interview several Brokers to find one that you feel comfortable with. Discuss your criteria with your Broker, i.e., price range, location, number of bedrooms and bathrooms, amenities, etc. He/she can do a search using the criteria and provide you with the results, along with plats, surveys, restrictions, etc.
If you have financing lined up before beginning this search, you are in a strong position when it comes to negotiating price and terms. Be aware, though, that many foreclosure properties are sold "as is," and repairs may not be negotiated.
If I can answer any specific questions, please feel free to contact me.
Kimberley Isler
realtymaven2005@yahoo.com
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