Lately we are seeing more and more Foreclosures/Bank Own properties than usual around here in Cowlitz County but these homes are selling almost as fast as they come on the market, out of 36 Bank Own homes in the county 20 are already under contract. Even though foreclosure homes often are great deal, they are not for everyone because foreclosure homes are sold in "As Is" condition no repairs no warranties what so ever and more times than not they need some kind of repairs and if you are not a good handy man then some repairs could be costly.
An important thing to keep in mind when dealing with Bank Foreclosure homes (especially if not paying cash for it) there are couple things to keep in mind patience, patience and more patience. Usually, banks are very slow to respond to offers, counter offers, etc. so be very patient and also not all of these homes qualify for a normal conventional loans, so is a good idea to meet with your mortgage professional to determine if you qualify for rehab loan or the loan needed to do the purchase.
When purchasing a home most buyers look for move-in ready condition homes but for investors, good handy man or anyone that is up for a challenge a foreclosure home can be an excellent opportunity to build some quick equity. So, if you are interested in this kind of homes and like to see what is available in the area, visit our Cowlitz County Foreclosures page or for more information on the buying process of bank own properties or to schedule an appointment to view one of these homes don't hesitate to call me at 360 751 4001 or e-mail me at firstname.lastname@example.org
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