Tuesday, June 26, 2012

Buying a Foreclosure

With the housing market down, a lot of homes are going into foreclosure. A lot of homeowner, angry with the banks, or for other reasons, are trashing the homes before they leave. As a buyer, these foreclosure homes are a great deal, but require a lot of work. More so than the "handyman special" homes of a decade ago, these homes may require new pipes, lots of wall replacement, all new fixtures, and electrical work.

If you are considering buying a home from foreclosure, here are some tips:

  1. Have the house inspected by a General Contractor before making a bid. This will ensure that all aspects of the home are verified and you will know what you are getting into before you put forth any money.
  2. Keep my number in your cell phone. Being a general contractor who is familiar with both new and existing construction, renovation and remodeling, I can assist you with making a budget, planning projects, prioritizing, and completing each task to your satisfaction.

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