Tips for Purchasing
A Foreclosure in Prince GeorgeLooking for a New Home? MLS listing of Homes for Sale in Prince George.
Tips for Purchasing a Foreclosure Property
After much careful consideration, you have decided to purchase a foreclosure in Prince George. Banks and realtors prefer to work with buyers who have already been pre-approved for their financing due to the risk of the offer not panning out. It also demonstrates that you’re a credible buyer. Before you start house hunting, get pre-approved by a lender to know how much you can afford so you look at houses in your price range. Most pre-approval letters are good for 90 days. If you are curious right now, then try this online calculator.
Pay for a home inspection
This will provide you with an up-to-date report on the structure, mechanical and major components of the home. You will have a better picture of what you are buying and it will give you an idea of where to prioritize your repairs, especially if they will prevent further damage. And you might even find that they are too much to handle.
Do your research
Research what the average sales price is for homes in the area. Denise Dykes can show you comparables to determine the home’s value. These are recently sold properties that are similar in size, location, etc. A great idea is to see what improvements these homes had so you know where to head with projects of your own once the home is yours. Depending on the reason you are purchasing the foreclosure and how long you want to hold onto it for, you can see what projects are a wise investment.
We went through almost purchasing the first home we were interested in and lost with our bid, of course heart broken Denise didn’t let us get our hopes up, within an hour we were looking at other listings and possible purchases! Within a few months we found our little gem! Denise was with there for us every step of the way throughout our 7 month journey, she was helpful, thoughtful, knowledgable and persistant with the sellers and was definitley out for our best interests! I can’t say enough good things about Denise, she made us confident and excited to purchase our first home! We made a friend throughout our house buying adventure!! 🙂
Working with Denise was a great experience. Being a first time home buyer she opened my eyes to the real estate market. She is very concerned about getting value for the Home buyers she represents. Very thorough with informing as to the pluses and minuses of a particular home helping the customer to make an educated decision. She helped me find a place I could call home and spent many hours helping me find the right place. Even to this day I still ask her questions about real estate and she’s always there to help. I look forward to working with her again in the future. I would strongly recommend her to others.
Thanks Denise.
I purchased a bank owned home with Denise and she made sure I was aware of potential issues and how to prepare the strongest bid possible that I was comfortable with and would be most likely to succeed. Her knowledge and recommendations made a potentially nervous transaction something I felt at ease and confident to do. I would buy with her again without hesitation. Thanks Denise!