What You Need To Know About Foreclosures

Foreclosures can be a an affordable option for purchasing a home if it is the right foreclosure. I can assist you in finding the right foreclosure.


When purchasing a home that is in foreclosure it is critical to work with a Realtor who is experienced in these types of real estate sales. There are tremendous buying opportunities in the areas of foreclosures but there are also high risks as well. Dan Berry can help you understand how to buy a home under these circumstances so that you can not only find a beautiful new home, but also make a great real estate investment. 


Dan has compiled some helpful information to get you started with your foreclosure transaction. Remember, Dan is here to help you and answer any questions you may have about the opportunity to purchase your next home through a foreclosure.


Working with an expert adds countless benefits to the search and acquisition of distressed properties. Lenders generally prefer to work with a professional real estate agent to market distressed properties, therefore interested buyers will get the most up to date and accurate listings of all properties in pre-foreclosure, foreclosure and REO status. But most importantly, the level of research and insight that a real estate agent can provide will allow you to avoid pitfalls such as purchasing a property in less than optimal condition or with other liens attached.




Foreclosure Purchasing Tips

A mistake that many people make when purchasing a foreclosure is that it is a quick way to have equity in your home purchase.


What is often overlooked is the hidden condition of the property. Foreclosed properties have often been vacant for months and sometime years without any type of upkeep, causing problems. Consulting with Dan Berry can help you avoid some of the pitfalls associated with purchasing foreclosed properties.


» Find a Trusted Agent: We fully understand the complexities of buying foreclosure homes. We have the knowledge and experience to assist. Foreclosure purchases do differ from a standard home purchase purchase. By working with Dan you can focus on finding foreclosure homes that are right for you we will focus on the research, paperwork and negotiations to make your purchase a successful one.
Do Your Homework: Buying a home is one of the best investments you will make. Before you decide to pursue purchasing a foreclosure, make sure it’s the right choice for you. Dan Berry can help you understand the pitfalls and gains of buying foreclosed properties. Helping you to be as informed as possible is part of our job.
Consult a Property Rehabilitation Specialist: There are many expenses when it comes to property rehabilitation. We suggest consulting a professional to consult the potential costs of rehabilitating your foreclosed property purchase. Many times a foreclosure can end up costing you more than a standard property purchase.


I understand the all of the potential pitfalls in buying Foreclosed properties. I can simplify the process for you. It’s very likely you’ve never bought foreclosure homes before. While buying foreclosure homes offer terrific buyer savings, the actual purchasing process can be a little overwhelming. Often, the problems begin after the purchase of a foreclosed property. Call Dan today and let us help you with any property purchase and educate you in the foreclosure market.