For people willing to do a bit of homework, the foreclosure market offers the best opportunities available in real estate today. Real estate and financial experts point toward significant growth in available foreclosure properties, so there’s never been a better time to line up your resources and educate yourself about buying in a distressed market. It’s not unusual to save from 20 to 50 percent of the market value on a foreclosure property, and certain bank owned foreclosures offer savings of 60 percent or more! You simply have to save for a down payment, get qualified for financing and research properties available in a price range you can afford. A Realtor can set you up with automatic property updates that match your preferences of location, size and price range.
Need help to begin the research with buying your first home? Request the Questions and Answers Guide which will give you the necessary information to navigate the entire process – from deciding whether you’re ready to buy, all the way to that final proud step, getting the keys to your new home.
Two Resources First Time Home Buyers:
1. Questions Answered Guide for First Time Home Buyers