5 tips for buying a foreclosed home

Buying a foreclosed home is a little different from buying a typical resale

5 steps to buying a distressed property
  1. Get preapproved for a mortgage.
  2. Find an agent specializing in foreclosures.
  3. Know how long it takes to sell a home in your price bracket.
  4. Study the sale prices of comparable homes in your area.
  5. Remember the sale is for the home as is.

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