Foreclosure can either be a great deal or your worst nightmare. If you are considering taking one on, there are some things to know…
Foreclosures:
- Are sold as is, so there’s an increased risk
- Come with no history of sellers
- May appear to be a good deal, but most are sold at market value and often above list price
- Offers are sometimes stacked to generate competing offers
- Provide no history of how the seller lives
Before you make a rash decision that could result in years of work and disappointment, seek professional help to assist you. Gord Piper and Associates