This post will discuss the merits of including foreclosures in the home search process and cover the particulars of identifying good foreclosure opportunities.
While buying a foreclosure might be a bit morally taxing (you feel bad for those who have lost their home), it might be your best option for entering the market and buying a home. There are a few pitfalls to buying a foreclosure, but you should definitely include them in your search when buying a home.
Merits and pitfalls of foreclosures
If a home is selling as a foreclosure, you may have a very motivated seller and you have the possibility of getting the home…