Let’s assume you found a property from one of the foreclosure sites I mentioned in my previous post “How to Find Foreclosures - Where Do I Start?” or in a legal notice from your newspaper. You’re excited with the information you read about the property and you’re ready to start doing additional research. At this point it’s a good idea to go look at the property before you spend any of your time processing the legal work. Until you do that, you don’t even know what the neighborhood looks like,  the condition the property is in, and if it’s vacant or not. If you don’t know these simple things about the property, you’ll never know Read more »

Before we start, let us give you one reason to not buy a new home right now. How long do you intend to live there?
A rule of thumb is that it rarely makes sense to buy if you expect to move within two years. That’s because when you do sell, there are costs associated with selling. We’re not just talking about sales commissions to the buying and selling real estate brokers. Most owners rely on home appreciation to pay those costs and to provide the down payment and closing costs when they buy their next home. So buying a home when you expect to move before too long is a risk, especially in an uncertain market.
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Here are tips that could be helpful when looking at homes for Sale. Looking at homes for sale via the internet is fun and exciting.
At first. After a while, it gets a little frustrating, but you’ve learned a lot. You have a general idea of what homes look like in the area, prices, differences in costs for numbers of bedrooms and bathrooms and you have ideas about what community you want to search. Read more »