How To Get Great Properties At Bargain Prices - Free Foreclosure Listings

April 9, 2010 - PRLog -- There are stories about people who have bought homes at foreclosure and spent almost double the purchasing price in fixing it up. However, there are great ways to buy a foreclosed home and not have to do any repairs whatsoever.

Aurora Lillo Editor of the "Best Free Foreclosure Listings" website -- http://www.BestFreeForeclosureListings.com -- pointed out;


“…A great bargain is not being able to pay twenty cents on the dollar for a home so get that out of your head right now. Lenders are definitively trying to sell the homes at market value, especially is the home is in great shape. However, the lender might be a little more flexible than somebody trying to sell the home for profit…”

Don’t let this shy you away. Many people have bought foreclosed homes at twenty to fifty percent off of the market value. This is not unheard of; it just means that you’re going to have to dig to find the deals. If you plan on doing this yourself, be sure that you know what you’re getting into before you sign a check.

The easiest way to avoid the common pitfalls with a foreclosed home is get an experienced and qualified real estate agent that can handle your investment. When you seek the help of a real estate agent, they will exactly what you’re looking for and be able to run that against what they know is on the market. They will also know of people who are going into foreclosure and are ready to sell fast. If this is the case, an investor could get the home just over the market value.

Be sure that you know of all the issues you could run into with your property. A great way to find this out is by getting a contractor to do a once over on the home before you buy it. This way, you can know exactly what you’re going up against.

“…Buying a home in foreclosure can be an excellent bargain if it’s done right. Taking the necessary steps so that you don’t run into unexpected troubles along the way is the best means of coming out on top. Know what you’re getting into and if you’re going to have the budget you need to turn a profit on the home. Some of the best ways to find free listings your area is through local publications and online websites. Local real estate websites will specialize in these listings to give you the most up to date listings available…” added A. Lillo.

Further information and resources to get free home foreclosure listings by visiting http://www.BestFreeForeclosureListings.com