Buying foreclosure homes can be rewarding, but the process is far more complex than a typical home purchase. As a result, it’s imperative you work with the right real estate agent and know what to expect. Luckily, the team at Gilbert Realty has helped numerous clients purchase foreclosures in Mountain Home, AR. Here, they share some information on how to get started.

When to Buy Foreclosure Homes

Foreclosure shopping only gets a bad rap when people choose the wrong properties. Before you look at houses, think of what you’re searching for in a home. Do you want a fixer-upper to flip or a turn-key property to move your family into? When you find a property that meets all your requirements and is in solid condition, research the neighborhood. Most of the nearby homes should be occupied, and there should be low crime rates and reputable schools.

How to Get Started

The first steps are to meet with a real estate team and a mortgage lender. Pre-approval from a lender will determine your available resources for a purchase, and a pre-approval letter will make your offer more attractive when the time comes. An agent will help you look for homes, so choose someone who has experience working with foreclosures. They will also have connections to high-quality, reasonably priced contractors who can perform repairs on the property. As you browse homes, remember that foreclosures are typically sold as-is, so you may not be able to request discounts for repairs.

The experienced team at Gilbert Realty is proud to help Mountain Home area families find foreclosure homes. Contact them at (870) 425-6282 to talk about a strategic purchase, or visit their website to learn more. They will immediately start sending you listings that fit your needs and provide priceless tips on finding the right property.