Real Estate Blog - foreclosure

Buyer Tips: How to Compete in a Multiple Offer Situation

Posted by Carey Frankel on December 22nd, 2008

It is a common misconception that multiple offer situations do not exist in a buyer’s market. Although there certainly are not as many instances of multiple offers, the situation does exist, particularly in the case of foreclosures and short sales.

If you are caught in a multiple offer situation as a buyer for a Jacksonville Beach home, then there are some things you should know:

1. Don’t panic if your offer is not the first one. If you want to put an offer in on a Jacksonville Beach home that already has multiple offers, you’ll first want to decide exactly how much you want the home before submitting your offer. When the offer comes in is not as important as the offer itself.

Aside from the offer price, you’ll want to pay…

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The Basics of Buying a Home in Foreclosure

Posted by Carey Frankel on November 14th, 2008

Most buyers have dreams of finding that perfect deal –you know, the worst house in the best neighborhood kind of deal. And many buyers find that home through the foreclosure process.

Many homes in the foreclosure process can be bought for substantially less than other comparable homes in the same neighborhood – often as much as 30 percent less.

But as with any other kind of transaction, it pays to be educated before diving into purchasing a Jacksonville property in foreclosure.

The following tips are designed to serve as a starting point when considering the purchase of a foreclosed home:

• Find a qualified real estate agent who has extensive experience dealing with foreclosures. A qualified real estate agent will prove invaluable…

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Buying A Foreclosure Home In Ponte Vedra Beach, Florida

Posted by Carey Frankel on July 30th, 2008

Many home buyers in the market are specifically interested in purchasing one of the foreclosure homes for sale in Ponte Vedra Beach, Florida. Buying a foreclosure home has its own set of rules and circumstances which are important to know before putting a bid in. When a home is in foreclosure and a buyer wants to pursue the property, it is a much different process than buying any other Ponte Vedra Beach real estate.

The Basics

A foreclosure home is a home that is owned by the bank. The positive aspect is that a foreclosure home is typically sold below its market value and can therefore be a good investment. It is important to pay a good price for the home while also minimizing any risk to yourself and your financial situation. It is a good idea to…

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