Foreclosures are properties that are taken over by a bank after the prior owner defaulted on their mortgage loan. Here are a few steps that you can take if you’re thinking about purchasing a foreclosed home:
Buying a home is an exciting experience, but it can feel a bit overwhelming if you don't have the right information. Check out these helpful resources about the home buying process. When you're ready, give Liz Welch a call at (813) 489-9798 to tour available homes in the Tampa, Clearwater, St. Petersburg and Brandon/Riverview areas.
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While you’re researching properties, you’ll find a wide assortment of houses in different neighborhoods and price ranges. The majority of homes on the market today are listed and advertised by realtors. You may see a few houses listed as for sale by agent. There are multiple reasons why homeowners decide to sell their homes themselves.
Buyers are usually required to have enough money saved for a down payment on a home. They also need to have enough reserves to be able to pay monthly mortgage and utility payments, as well as certain closing costs before the transaction is completed. Closing costs can vary according to the kind and size of house being sold and where the home is located.
If you are a first-time homebuyer, you might be quite overwhelmed at making what may be the largest purchase of your life. Home buying is a stressful process, but that’s when you are purchasing a property in normal times. Opting to buy a home during or after the coronavirus pandemic will add even more uncertainty and stress.
Homebuyers who aren’t familiar with the home purchasing process can definitely benefit from a few first-time homebuyer tips. A little research will help you know what you are getting yourself into.