Wednesday, March 18, 2009

Do You Want To Buy a Foreclosure In Moses Lake?

Are you a buyer who thinks that buying a home that has been through the foreclosure process is a good deal?

You may be right!

If a home has been foreclosed on and is now listed with a real estate agent, it could be a good way to buy a home that is affordable for you if it is in your price range. Ask your real estate agent to do a search on homes that are owned by HUD or Fannie Mae or Freddie Mac or any other bank that you are interested in buying from, and she will bring up a list for you.

Let's see. Maybe I can pull up a list right now...

There is one home owned by Fannie Mae and one owned by Freddie Mac in Moses Lake. That's not alot. Which is great for homeowners.

I have one buyer who is interested in a "GREAT DEAL!" but there aren't many of those around because if you were to go to the sheriff's sale, there are a lot of people waiting to get the great deal, and the price of a great deal is driven up by those who are bidding on it at the auction. Simply put, check your pre-approval amount with your lender and let your Realtor know what you can afford, then go on a home tour with your list of homes that fits your criteria in hand.

If you'd like to tour homes in your price range with a Letter of Loan Commitment from your lender in hand, call me and let's set up an appointment.

See you soon!

~Connie
509-431-5804