Thinking Of Purchasing A REO Property a/k/a A Foreclosure? They Can Be An Exciting Venture. Most Of These Types Of Properties Need Repairs- Repairs That Can Be Quite Unexpected Or Costly. A Lot Of These Properties Will Not Qualify For Loans That Offer $0 Down Or A Low Down Payments, So Your Financing Options Could Be Very Limited. It’s Real Easy To Get Excited About Renovating A House, & Seeing All The Fixing, Remodeling Or Flipping Shows On Your Television Can Sure Motivate Us To Try It Too! You May Be Quite Handy At Do it Yourself Projects. Or You May Not, Which Means Hiring Someone Who Can Do The Repairs. The Positive Side To This Is Choosing Your Own Style, Colors & Materials. However There May Be Set Backs Such As The Majority Of Foreclosures Sell In Their As Is Condition. What This Means Is Seller Will Not Make ANY Repairs. You Won’t Be Able To Either, Until You Are The New Owner. Some Of These Homes Sell With No Viewing Of The Interior & Some Sell With No Utility Activation. You May Want To Have A Home Inspector Or Someone With Experience To Guide You In Regards To Concerns About The Property. The Shortage Or The Higher Sold Prices Of Other Properties May Tempt You To Try These Types Of Properties & That Is Great & Yes Exciting -But Do Be Prepared.
Call Gina Miller (573)344-9225 OR Debbie Chrisco (573)695-2081
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