Here’s a quick guide to finding foreclosed properties for sale Ameer Elahee
R
ecently, the rate of foreclosed homes has been increasing rapidly. Due to this increase, foreclosure investing has become an increasingly popular and effective real estate investment strategy. As an investor, when you obtain a foreclosed home, you have the option of either renting it out or flipping it. Sometimes, you might get confused about where and how to find foreclosed properties for sale. This article will highlight some of the sure sources you can find foreclosed homes for sale. 40
l
1. Real estate agents. Consulting experienced local real estate agents is one of the best and ascertained ways of finding foreclosed homes for sale. Real estate agents have access to the MLS, where all foreclosed homes are listed. Additionally, real estate agents are likely to be more aware of nearby homes undergoing foreclosure at the moment. Therefore, consulting a qualified real estate agent is the best way to find foreclosed properties in any area. 2. Online auction events. Continuous technological advancements have now made it possible for investors to attend real estate auction events from wherever you are virtually. Online auction events give investors a chance to easily invest in out-of-state property through virtual presence only. You can attend virtual auctioneering events at popular websites such as Auction.com, RealtyBid.com, Foreclosure.com, Hubzu, Hudson and Marshall, Williams and Williams, etc. When the auction process is over, the seller takes about 15 days or more to approve the winning bid. In case the winning bid is approved, the property is re-auctioned in an attempt to get a higher bidder.
The Power Is Now Magazine | OCTOBER 2020
