subject: Finding the Right Foreclosure Realtor [print this page] Currently, there are many bank-owned and foreclosed homes on the market. While distressed homes can present several unique problems, they also can provide a great opportunity for an investor or a first time Homebuyer. Often, these houses can be purchased for thousands less than they would have cost even a few years ago. However, it is important to have an experienced Foreclosure Realtor helping prospective homeowners negotiate all the potential pitfalls of buying a bank owned property.
As the foreclosed properties business is so hot right now, there is the potential to find Foreclosure Realtor who greatly inflate their experience, As with any professional, personal recommendations are perhaps the best way to find someone. If you know someone in the real estate industry, even if they don't specialize in foreclosed homes, they can often give you several names of excellent Realtors. The benefit of this is that you can be assured you are getting someone who your friend or colleague things is competent; rather than just a Realtor who is needing to build their client base, which is what you might end up with if you call a Real Etate office asking for recommendations, Friends or relatives who have recently purchased distressed homes are also great resources for recommendations.
Another resource for finding Foreclosure Realtor is on the internet. A few real estate professionals have the great majority of distressed property listings in any given city. They are very easy to spot by simply looking at the full listing details of properties posted online. These agents can then be contacted and asked for information. Even if they have too many clients to help, often they know exactly which agents are experienced in the area. Another way to find Foreclosure Realtor is to visit open houses for distressed propeties. If these Realtors have too any clients, they can recommend an agent who is experienced in dealing with bank owned properties.
By finding an experienced Realtor, potential homebuyers can greatly reduce the stress involved in the search for a house, and the purchase phase. Although there are often difficulties in foreclosure real estate transactions, an experienced Realtor can reduce a lot of the stress.
