Foreclosures in Seattle: Affordable Homes in Solid Neighborhoods
If you wish to purchase foreclosures in Seattle you have to be prepared for the work that it involves
. There are great bargains to be had in this particular market and the information on them is readily available online. The first step is to educate yourself on the concept of foreclosures if you are a new buyer. Some of the major things you might learn is that nearly all foreclosed homes are sold as is. There is no guarantee of a clean title so some homes come with hidden liens or taxes. But the most important thing you will learn is that they sell for really low prices.
Foreclosures in Seattle and pretty much anywhere else in the country can be purchased for as low as half their real market value. But even a 20-30 percent discount is really a lot and could already cover the entire cost of repairs. Another great thing about buying these homes is that they can be paid for through a loan or a financing plan. A buyer does not need to have a huge sum of money to own one but they do need a steady source of income and social security.
Why Move to Seattle?
There are many reasons to fall in love with the city and decide to live there. The economy is stable and work opportunities abound. There are great landmarks and architecture, museums and recreational areas. Plus it is a prime transportation hub with stellar airports, rail system, roads and harbors.
As if all these perks are not enough, you will be greeted with real estate brokers and agents, banks and other lending institutions offering incentives, grants and assistance if you purchase foreclosures in Seattle. Most banks will typically offer title insurance for the foreclosed properties they are selling. They will also add a pest certification and a property appraisal in the package. You can definitely reduce the price of your home through government grants and subsidies extended to buyers of foreclosures.
Foreclosures in Seattle: Affordable Homes in Solid Neighborhoods