Wade Kricken Give You Tips For Buying A Foreclose Home

Buying a foreclosed home can be a good investment, but it requires some research and preparation. Here are tips for buying a foreclosed home:

Check For Liens

Liens are debts that have been placed on a property to secure payment of money owed by the homeowner. If you are going to buy a foreclosed home, it’s important to make sure that there aren’t any liens against the property, says Wade kricken. You can find out if there are any liens by checking with local authorities or looking up information online.

Don’t Trust The Seller’s Word

When you’re buying a foreclosed home, don’t take the seller’s word for it.

• Check the property. If you can’t get into the house, ask to see pictures or video footage of the inside of the home. If there are no photos available, ask them to describe what they see in detail so that you can get an idea of how bad or good things look inside and out.

• Check title and liens on both sides (buyer and seller). You should also check with your local county clerk to see if there are any outstanding taxes or other fees associated with this property before closing escrow–this will save everyone involved time and money by avoiding last minute surprises!

Know Your Local Laws And Regulations

Depending on where you live, there may be additional laws that apply to foreclosed properties in your area. For example, some states require short sales to be disclosed publicly through the local public notices section of a newspaper or online listing service. You should also check with your city or county about any zoning restrictions on buying a home that was previously foreclosed on or repossessed by a bank.

Inspect The Property Yourself

When you visit a foreclosed home, you need to make sure that it’s in good shape. You don’t want to buy a house that will cost you thousands of dollars in repairs, Wade kricken so it is important to do an inspection before buying any property.