Everyone is looking for a real estate bargain in today’s market. While buying a foreclosed home is certainly an option--- that is just what it is…an option. By only viewing foreclosed homes, you are doing yourself a huge injustice.
There are MANY motivated sellers out there who are pricing their homes at a discount in order to get them sold. In fact, nearly 30% of listed homes owned by individuals have had at least one price reduction. There is also the possibility of purchasing a home through short sale. Further, when you are working with an individual, you can negotiate repairs, warranties, and closing costs. There is little flexibility in negotiating with the banks.