Whether you're looking for your next home or seeking a good
investment, homes in foreclosure can provide a great opportunity to land prime
in Naples
Florida Real Estate at discount.
Visit a loan agent and get prequalified for a loan.
Find a realtor that specializes in foreclosures. Ask for
referrals from friends or family members, or find ads in real estate booklets
and newspapers. If you are interested in government properties, make sure the
agent is HUD-, FHA-, or VA-certified.
Tell your agent how much you can spend. (Consider fix-up
costs too.) Bring your prequalification letter. Ask your agent about real
estate auctions, if you can afford to pay in cash.
Go see what's out there. Ask your agent to help you
determine what your up-front costs would be, what your fix-up costs would be
and what the resale value would be for each property. Crunch all the numbers to
the last detail, even considering resale costs such as advertising and
commissions.
Find out what the property would rent for, if you plan to
lease it out.
Make a bid on the property. If you get the bid, have a
thorough home inspection and appraisal done.
Use a reliable title company to check for any liens on the
property. If the inspections turn out okay, buy your home and enjoy - or fix it
up and sell it for profit.
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Related Post: How to Purchase a Condos Naples Florida
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