Thinking About Buying a Foreclosure?

Be Careful Who You Hire as Your Buyer Agent or

You Could Find Yourself Paying More Than You Ever Planned To.

Read the Following Tips That Should Alert You That

Your Agent May Not Be Looking Out For Your Best Interest and

Could Costs You 100's of 1,000's of $$$$$$

1.They Suggest You Offer More Than You Want To and Promise they can get you 

  "Lender Concessions after A Home Inspection" 

Unlike Traditional Sales, Foreclosure Properties are Priced to Sell in a "AS IS WHERE IS CONDITION" Having the opportunity of having a Home Inspection in Most Cases is strictly for Your Benefit, not to be used as a Negotiating Tool as in a Traditional House Sale that isn't being Sold AS IS WHERE IS

If Your Home Inspection Reveals Problems or Issues that You Were Not Aware Of, Your Agent Should Immediately Contact You and Recommend that you have Ceritfied Professionals, Licensed to Further Investigate the Problems Pointed Out by Your Inspector. This Needs to be Done Immediately, most times there is a seller set timeline of asking for anything to be Fixed or Credited to You. Only After You have Gotten Bids for the Work that Needs to be Done Do You Have Any Grounds, Cause or Proof to Have Your Agent Try to Negotiate a Buyer Concession On Your Behave.

*Don't Just Pull a Dollar Amount Out of Your Head or "Allow Your Agent To Do So" Seller Concessions (Specially a FORECLOSURE) "Sold As Is & Where Is" A Seller Concession is more like "A Gift" and Should Not to be Taken for Granted.

2. "They Suggest Writing Your Offer as "A Cash Offer" When In Fact Your Financing All or Part...Making False Statements is not only Un-Ethical whether its a Traditional Contract or A Banks Contract Rider. This subjects YOU to being in Breach Of Contract and Could Cost You the Home. If Your Agent Suggest Financing Part after the "Contract is Ratified" (Signed By All Persons Involved) This should be a Buyer Alert! And raise a why Huge Question, Ask Yourself WHY would your Agent suggest that, if you are a Willing and Able CASH BUYER that Knows You Have Signed a Contract Comittment Saying All Cash? Are they Trust Worthy? Are They Getting Something in Return, or has Your Agent been so Concerned About Your Best Interest through the Entire Purchasing Process that just maybe They Are Suggesting Financing From the Goodness of their Heart?

3. "Know Your Agent & Trust Your Agent" Don't Let Your Agent Put You in Jeopardy & Risk Your Good Deal. Some Agents Think They Know More, Can Do More and That They Can Con The Asset Managers & Foreclosing Bank. If you have a bad feeling, bad vibe or maybe you just aren't sure what it is after meeting your agent in person...Please DO YOURSELF A BIG FAVOR-DO NOT FEEL YOU ARE STUCK WITH THEM-specially if you are relying on them to be your EYES & EARS because you LIVE OUT OF STATE.