Thinking about buying a Foreclosed property?

Hello Everyone This is Brad Hammarlund with Exit Homevets Realty in Killeen TX. I work with people looking to sale their homes and also with people who are looking for homes for sale in Killeen TX, homes for sale in Copperas Cove TX, homes for sale in Harker Heights TX.

Are you wanting to save money on your home purchase? Thinking about buying a distressed property? What are the risks?
I work with a lot of clients who are interested in buying foreclosed homes but there are a few things to consider when dealing with a foreclosed property. There will be more out of pocket costs when you are buying a foreclosure. The banks normally will not pay for title insurance or pay for a survey for the property, just these two things can cost you an additional $1500 or more, but if you are saving $20,000 it is definitely worth it.  The main thing to think about is the home is being sold as is, there are no guarantees and no warranties. Before you decide to purchase a home you should always have it inspected this is even more important when buying a foreclosed home.  The seller of the home is a bank or a government agency and they have no idea of what, if anything is wrong with it. A home inspection will give you some idea of what you are getting yourself into. I don't want you get get me wrong even when having a home inspection they can not find everything, the inspectors can not see into the walls or underneath flooring but they are trained to look for things that can present a problem. Some foreclosed homes are great homes with nothing wrong with them and you can get a real deal on a great house but then there are some that basically need completely rebuilt. If you are willing to do a little work on the house then you can end up with a great home that you were able to buy at a great price.

Homes for sale in the Killeen  Fort Hood Area: Brad Hammarlund, Realtor, with Exit Homevets Realty in Killeen TX, Our main service area is Nolanville TX, Harker Heights TX, Killeen TX, Copperas Cove TX, Kempner TX, and Lampasas TX. At Exit Homevets Realty We are Real Estate Expert Advisers And Marketing Innovators. I am here to assist you with all of your real estate needs. Feel free to call or text anytime: (254) 291-0630