There are eight things to consider before investing in foreclosed homes. First, check your budget. Second, look at the place personally to satisfy any query. Third, do a thorough inspection. Check for any damages and note how severe they are. Fourth, do a neighborhood inspection.
Observe the vicinity from day to night for some time to see if it is safe. Fifth, check the landscaping to see how long has the house been vacated. Sixth, have an agent look into other houses in the area to check if the price is really a bargain. Seventh, find out if there is a listing broker and make a bid. Lastly, check houses under the care of the housing arm of the government. Houses of this kind are insured guaranteeing the best investment.
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