Distress Sales (including Bank Sales and various types of Power Of Sales) often resulting from bank takeovers, generally represent a great way to get a fantastic deal on a home.
Although it’s not easy for the average Buyer to find these deals, as you have to continuously scour the internet, real estate magazines and newspapers to see when one comes up. Your FREE, no obligation service, will automatically plug into the most current list of Distress Properties (including Bank Sales and various types of Power Of Sale properties) on the market… Let us know your price range and area that interests you!! You will also have access to updates of the list as new properties are added to it!!
Here’s how it works…
You will receive a FREE report listing the current Distress Sale properties (including photos if available) in your desired price range and location.
There is NO COST for this information, and absolutely no obligation.
This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
To receive your list of all distress sales in your area & price range just click here and become a “Preferred Client”
Getting Started
- The first question you’re bound to ask is, “How much home can I afford?” That depends on a number of factors:
- Your selected location. Are you set on a specific area? Downtown? The suburbs? A rural setting?
- Your preferred type of home. Detached? Semi? Duplex? High-rise? Link? Townhouse? New or Resale? There are a variety of home styles you will want to explore.
- Your income. After all, it’s not just the mortgage you have to take into account. There are property taxes, utilities, and in some cases condo or strata fees. As a general rule of thumb, your monthly home-carrying cost should not exceed 30-35% of your income.
- Market conditions. Is it a buyer’s, sellers or balanced market?
- There are also additional costs to keep in mind. It’s a good idea to work out exactly what you want and what you can afford before you begin the search. Be specific!
- After all, you don’t want to suddenly come to the realization that your dream house has come with a nightmare of bills and expenses. Stick to looking at houses in your price range. The more you’ve thought it out, the better your sales representative can meet your needs.
- A part of deciding just what you can afford can be accomplished by meeting with your bank or a mortgage broker and negotiating a pre-approved mortgage. There are many types of mortgages and many different terms. Research all of your options. This ensures that there are no surprises once you’re ready to make an offer.
- Once you’ve figured out your monthly expenses and what you can afford, you can start your search. It could happen that the first home you see is the one you want; or you might look at home after home with none of them catching your interest. Rest assured, the home you’re looking for is out there, and when you find it, you’re ready to make an offer. If your offer is accepted, the next steps are closing and moving into your new home.
- Purchasing a home is easy once you put your plans into action.