Is buying a Foreclosed property for you?

We have worked with hundreds of buyers and everyone possesses the common interest of finding a bargain. Each and every month Travis County Foreclosures provide many below market priced homes.

However, as an owner occupant, you need to ask yourself if you are willing to trade-off location and property condition in exchange for obtaining a savings of between 10 to 50% of the market price of the home.

While foreclosures are available in all locations chances of purchasing at wholesale are much better if you are willing to consider properties in a broader area than would typically be available if you're buying at market prices.

Property condition is also an issue when purchasing as an owner occupant. Foreclosed properties do not come with any implied or expressed warranties from the seller. The buyer must make certain assumptions regarding the condition of major components of the home. The purchase price must factor in the replacement cost of components like heating and air conditioning systems or roofs and ranges.

Since we specialize in this area we have sub-contractors available for our clients who will perform their work at wholesale prices.

As an investor, foreclosures represent a clear advantage to your portfolio. Some of our clients make a full time living at purchasing foreclosed homes and refurbishing them for resale.