You feel you know everything about buying foreclosed properties but there’s always something new to learn (or remind you!). CNN has come up with 9 tips to buying foreclosed home.
If you’re into flipping foreclosed properties, here’s a wise tip:
Don’t expect to profit from a quick sale. Investors who buy intending to do as little as possible to a house, hoping to resell for a profit when the market turns around, may find little profit and a lot of headache. Some cities are cracking down on neglectful property owners, charging penalties that increase over time, and unmaintained homes lose value quickly.
What’s your reason for buying foreclosed home? Do share!
Read Article Here – 9 Tips for Buying a Foreclosed Home