How to Buy a Foreclosure.
real estate in Atlanta or any other area is a unique
process. You are best served by working with a seasoned
foreclosure agent. Such an agent can be found at
Stewart Brokers. These types of agents are experts
at helping you get the best price from the financial
institution or trustee who owns the foreclosed property,
and are familiar with the documentation and requirements
that are associated with purchasing a foreclosure.
Below we have provided the basic steps in locating,
evaluating and bidding on foreclosed homes and properties.
us if you have any questions.
Finding foreclosure properties.
Court House Sales.
You can also buy properties on the first Tuesday
of each month on the court house steps. These properties
are advertised the month prior to the sale in the
local news paper. You may well get a great deal,
but there are many pit falls with these sales that
you should be aware of. First, these sales require
cash in hand. A person purchasing one of these properties
is not granted any inspection period, or even the
right to view the home inside, because the home
is occupied by the previous owner until the sale
is consummated (at which point you will need to
perform your own eviction). Without a chance to
inspect the property you don't know if you are buying
a lemon. You will be bidding against seasoned investors,
not to mention the lending institution generally
has a reserve price that is not lower than the outstanding
debt, arrears and foreclosure costs.
You can often get the jump on the auction by putting
your bid in prior to the auction. Call us and we
will take you through the process.
FHA and HUD Homes.
We can provide you with a list of these foreclosure
properties. We have certified HUD specialists on
staff waiting to help you with your HUD purchase.
Please contact us for more details about buying
Finding foreclosure properties can be as easy as
using the search
here on this dedicated foreclosure listing website.
Pick up the phone and call us so we can prepare
you a list of suitable properties that match your
search criteria and then take you out to view the
inside of the properties.
We can assist you in finding the right mortgage
company that specializes in foreclosed home financing.
When selection is down to the short list we will
assist you with a market analysis of each property
enabling you see what other similar properties have
sold for so that you will be knowledgeable about
the value of the final selected property.
After you have selected the right property for you
we will commence negotiations and get the property
at a price and terms acceptable to you.
After the contract negotiations the Inspection contingency
begins, (We can provide you with a list of qualified
building inspectors) this is usually a 5 to 10 day
period after the contract is accepted. This allows
you to have the property inspected to determine
its condition while allowing you to withdraw your
offer if the property is not in a condition acceptable
Our agent will accompany you to closing and walk
you through the mountain of paperwork, handling
the final touches to ensure a smooth finale to your
home buying experience.