Did you know that according to the Government, 1 out of every 200 homes goes into Foreclosure? Lenders do not make money on Foreclosures, typically a lender will lose at minimum $50,000 on a Foreclosure. As a buyer, why do you care about these statistics? The time to buy is NOW and Palm Coast is a great place to get a great deal on a home lost to Foreclosure while living minutes from the beach. A lender does not want to hold onto a house any longer than they have too. First off, the liability of maintaining a vacant home is incredible. Second, the longer the house is on the market, the more money is lost. Buying a Foreclosure is a great way to get a nice house at over 50% off! Palm Coast Real Estate Foreclosures
There are trade-offs to buying a Foreclosure. Remember that you buy a house “As-Is” so anything that is wrong with the home must be fixed by you. An inspection is key for a buyer on a Foreclosure so that you know exactly what you are getting. A lender usually will fix some things; an AC/Heater unit or plumbing but otherwise its “BUYER BEWARE”. Once you get past the fact that the house is “AS-IS”, you realize that the same house under a normal sale would cost almost twice a much. Look at your purchase as a way to make the house yours.
Flagler Beach Real Estate Foreclosures
There are homes in Palm Coast with four bedrooms, two bathrooms, fenced in yard and all under $99,000!! Just a little TLC and some paint and a house like that would be over $140,000. That is a huge savings! Plus, you can close on a house in 45 days or less. No waiting for a decision from the bank because you are dealing directly with the bank!
Call me to talk about how Foreclosures can work for you in Palm Coast!
Life is a Beach ~sand included!
Elisha J Heebner
Realtor, Short Sale Specialist
Beach Bum Realty
Cell: 386-569-3335
Fax: 386-445-9823
Click Here To E-Mail Elisha
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