Buying a Foreclosure – 8 Things You Must Know
Home-buyers are generally lured by the large discounts offered on a foreclosed property. However, the conjecture about foreclosure is pretty absurd. On the flip side, the large discounts can turn into a prodigal expense! Many of you might be frowning on reading this, but sadly it’s the truth! Buying a foreclosed property may seem ideal to many people. However, you should be aware of the added expenses post-buying. So before grabbing that sweet deal, there are certain things you must know. Let’s explore the top 10 things to know before buying a foreclosure: 1. Schedule a home inspector: Home inspection before buying a home? Well, yes! It might sound trivial at first, but a home inspection will reveal hidden costs. Foreclosed homes are abandoned by owners. They are neglected for months and hence fall short on maintenance. Therefore, a home inspection will unveil maintenance costs which can be a good trump card for bargaining. It is recommended to s