7 Tips for Buying Foreclosed Homes

In the US today, there are about 1.5 million foreclosures, and that number continues to grow.  Here are some great tips to keep in mind when buying a foreclosure as mentioned on www.CNNMoney.com

1. Don’t get caught up in a feeding frenzy

2. Contact lenders directly

3. Get pre-approved from the lender you want to buy from

4. Consider fix-ups

5. Hire a real estate attorney

6. Wait to make an offer

7. Tour properties with contractors

There are plenty of deals to be had on the Outer Banks.  Email sales@seasiderealty.com for more information on foreclosures on the Outer Banks