Monday, January 5, 2009

Why Buy A Foreclosure???

Interest rates are at an all time low..........these are fixed rates with usually 3% down (that's an FHA loan).

Hire a realtor - it's free! Yes, if you choose a realtor to help you look at homes, make sure he or she is representing you as a BUYER AGENT. That means the realtor is looking for homes with you, representing YOU and not the seller of the property (whether it's the bank or a regular seller). A BUYER AGENT will help you look at homes, connect you with a lender, a home inspector, and help you with the entire process all the way through settlement. AND GUESS WHAT!- the seller pays the realtor his/her commission!!! In fact the seller pays both realtors, the realtor helping you & the realtor who has their sign in front of the property.

Call a Realtor and ask him/her if they work as a buyer agent.

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