Buying a foreclosure is exciting and potentially quite profitable. Now that you understand some of the risks that can be overlooked, here are the benefits of buying a foreclosure: 1) You can make it your own. Foreclosures often need work and you can do things to personalize it like colors, ... » Learn More about Part 2: The Benefits of Buying a Foreclosure
Part 1: Risks If you ask homebuyers why they are looking at foreclosures, the answer often is, “Because they’re such a good deal.” The word “deal” for me is on par with other four letter words which I won’t mention (but you can guess). Deal is a selfish word. Deal is one of those temptation words. ... » Learn More about Buying a Foreclosure – Risks vs Benefits
Buyers are often confused at the role of a good residential real estate agent. They think that the agent takes them out, shows them houses and sells them one. The agent is just the gatekeeper of the lockbox and keeps them from having to attend open houses. So these misinformed buyers think that they ... » Learn More about Why Buyers Need a Buyer’s Agent for New Construction
On Friday I heard one of the big three networks is doing yet another expose-style story about how homebuyers got duped into bad mortgages contributing to the foreclosure crisis. All of these stories seem to have one consistent theme – the property buyer/borrower fails to take any responsibility for ... » Learn More about When are mortgage borrowers going to learn?
Today I was showing property to clients from out of town. One of the many homes on our list to see had an open house so we decided to attend during that time. The weather in Raleigh was steady rain all day Saturday and Sunday with imminent snow. ie - a crummy weekend. During the 30 minutes we were ... » Learn More about Raleigh is Singing in the Rain