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Distressed Homes and Properties
Want a sweet house at a bargain price? The way is through foreclosures, the market's portion of homes that have fallen under tough times but provide a wonderful opportunity for many prospective buyers whether it's for a primary residence or a rental. Some of the best deals on properties today are a result of bank owned homes such as foreclosures and short sales.
The necessary footwork for buying a Canyon County foreclosure is different from your conventional new home purchase, and it's important to know what they are for success. Buying a Canyon County foreclosure can be overwhelming but exciting. One of the first things any buyer should do is pair up with a Realtor who has experience in foreclosure property. Additional paperwork can be expected and your agent can guide you through it. Your agent will also preserve your interests and help you determine what is a good value and what isn't.
Once you spot a Canyon County foreclosure that fits your criteria, it's imperative you get the property inspected. With a foreclosure, it can be difficult to know the home's history of maintenance and repair, offering a weak formula for the home's true value. Invite a licensed home inspector to examine the home. Many distressed properties are sold as-is, so it's important to be well acquainted with the home's current state. Any and all property repairs will be the sole responsibility of the buyer. A property inspection will allow you to know what these repairs are and their estimated cost, what a fair and reasonable cost of the home is and assist you with getting funding for the home. With that in place, you can move ahead with prequalification.
With our incredible search tools and comprehensive Idaho MLS, you'll love instant access to continually updated listings of all property types in Idaho. With today's historic levels of affordability coupled with a great selection of properties, it's the ideal time to make a move on that bargain foreclosure, acreage property or investment.