About Buying a Foreclosed Home

Benefits

EQUITY. The average equity potential for the listings posted on the Hot Buys page is between $25-50k! Some are over $100k! Imagine filling your IRA with $30-50k or even $100k instantly. Here is your chance!

Have you been looking for a 4-bedroom home, a home on a premium lot location - pond view, 1/3 acre, wooded lot, etc., a home with more square footage, brick front, a basement, certain location, etc but have found them to be out of your price range? A foreclosed home might be the answer.

Are there differences to buying a foreclosed home?

There are some differences to buying a foreclosed home and it is important to consult a realtor experienced in selling foreclosures. Our Homelite realtors have extensive experience in selling foreclosed homes and will guide you through the process step by step. With the proper guidance, you will arrive at your expected result of buying a great home at a great price. If you have any specific questions feel free to contact us.

What Condition are these homes in?

Many of the foreclosed homes require simple cosmetic work like carpeting and paint. Some homes are in great condition, while others require more extensive work. We have a list of recommended contractors to get the job done for great prices! Keep in mind that after the work is done you'll have a great home and still a net equity, after factoring in repairs, around the average of $25-50k.