{"id":2150,"date":"2012-02-07T12:47:18","date_gmt":"2012-02-07T12:47:18","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=2150"},"modified":"2012-02-07T12:47:18","modified_gmt":"2012-02-07T12:47:18","slug":"beat-the-competition-in-buying-foreclosures","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/beat-the-competition-in-buying-foreclosures\/","title":{"rendered":"Beat the Competition in Buying Foreclosures"},"content":{"rendered":"

Beat the Competition in Buying Foreclosures.<\/h2>\n
\"Beat<\/a>

Beat the Competition in Buying Foreclosures<\/p><\/div>\n

While bank-owned homes are plentiful in many markets, they aren\u2019t always easy for a buyer to get. Foreclosure sell at bargain prices \u2014 sometimes at 35 percent discounts when compared to non foreclosures<\/b>. These ultra-low prices are attracting investors and all-cash offers, which makes it difficult for other buyers’ bids to win out.<\/p>\n

So how can your buyers beat the competition to get foreclosures?<\/h3>\n

Get the first look: <\/strong>Fannie Mae and Freddie Mac\u2019s First Look program offers first-time home buyers and others who need financing and are looking for a primary residence the first opportunity to see bank-owned homes before investors. Buyers have a 15-day window to submit offers before investors have the opportunity to start bidding.<\/p>\n

Submit a competitive offer: <\/strong>Homes priced at heavy discounts can be in high demand and attract multiple bids. Lowball offers won\u2019t likely get far. Some housing experts suggest starting with your best offer. “My advice is to offer the most you feel you would ever pay for the property,” said one recent buyer of foreclosures<\/u>.<\/p>\n

Make a large deposit: <\/strong>If a buyer wants to get the banks attention, they could offer a larger than typical good-faith deposit. But if the buyer has to back out of the deal for some reason, he or she may be at risk of losing the deposit.<\/p>\n

Even if your buyers really want the property, don\u2019t let them cave in to unreasonable demands, like waiving a home inspection. Otherwise, it may be a decision they quickly regret if the home is later found to be ripe with problems.<\/p>\n

Source: \u201cHow to Beat the Competition in buying Foreclosures,\u201d Sun Sentinel (Fla.)
\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Beat the Competition in Buying Foreclosures. While bank-owned homes are plentiful in many markets, they aren\u2019t always easy for a buyer to get. Foreclosure sell at bargain prices \u2014 sometimes at 35 percent discounts when compared to non foreclosures. These ultra-low prices are attracting investors and all-cash offers, which makes it difficult for other buyers’ … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-2150","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nBeat the Competition in Buying Foreclosures - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Beat the Competition in Buying Foreclosures. 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