[Volume 1, Issue 5]How toEvaluate aForeclosureThough foreclosures can be really cheap, not all        Contentsforeclosures...
2AreaIs it in a good neighborhood? What are recent averageprices? Every area has a price ceiling, and nobody is likely top...
3                                             PriceForeclosure Deals12550 Biscayne Blvd, Suite 306               Is the Pr...
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How to Evaluate a Foreclosure

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When going to invest in foreclosure real estate, it is important to know how to evaluate a foreclosure. Get it now with this presentation from ForeclosureDeals.com.

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How to Evaluate a Foreclosure

  1. 1. [Volume 1, Issue 5]How toEvaluate aForeclosureThough foreclosures can be really cheap, not all Contentsforeclosures are bargains. Some are overpriced and Introduction ..…………………………...1some can be in a poor condition. There are stories of Area……………....………......…………...2buyers over-capitalizing in terms of purchase priceor repair costs, and sometimes even in terms of both. An Honest Deal………………………….2When that happens, the chances are good that they Property Condition…………………...2could lose their hard-earned money. That’s why it isimportant to know how to evaluate a foreclosure Price…………………..………………….....3before deciding to purchase one.
  2. 2. 2AreaIs it in a good neighborhood? What are recent averageprices? Every area has a price ceiling, and nobody is likely topay more. Make sure that the repair costs added to thepurchase price plus a reasonable profit margin all add up toa price within the local range. An Honest Deal Is it an honest deal? This is not as odd a question as it sounds. People have paid deposits to cowboys, sold homes they did not own, failed to declare major deal breakers and a whole lot more besides. Keep your eyes and ears open, and your radar turned on.What’s does that mean? Property ConditionFor more terms and definitions,check out ForeclosureDeals.com’sglossary page:http://www.foreclosuredeals.com/G Is the Property in Fair Condition? Whether you are buying to fliplossary.php on or occupy, you need to estimate the repair costs that you will probably have to pay for in cash. Do not just check for cosmetic defects; check for signs of infestations, subsidence and roof-sag too.
  3. 3. 3 PriceForeclosure Deals12550 Biscayne Blvd, Suite 306 Is the Price Reasonable Overall? Never allow yourself toMiami, FL 33181FAX: 1-347-402-6620 agree a purchase based on your feelings at the time. By allContact@foreclosuredeals.com means secure an option, but do return at least twice to lookIf it’s not a deal, we won’t list it here! more carefully before you finally sign. A good friend is aFind us on the Web:http://www.ForeclosureDeals.com/ useful ally in this regard. There are many potholes on the road to buying a foreclosure. The art of doing this wisely includes a thorough evaluation. If you do complete this process properly, and you can afford the purchase price, you will certainly buy a bargain, getting savings in the purchase and huge profits when prices turn.

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