Thinking About Buying a Foreclosed Home in Harrisburg PA?
Purchasing a foreclosed home in Harrisburg is quite different from buying a typical resale. A foreclosed home is the process by which a homeowner's rights to a property are forfeited because of failure to pay the mortgage.
The foreclosed home you found might appear to be the right price and be in tip top shape, but before you purchase make sure to take some of these suggestions into consideration.
Reconsider Auctions - This process has many risks; prospective buyers aren't able to do thorough home inspections or stay informed of outstanding taxes owed on the property before making the purchase.
Budget your Funds- Just because the price seems low to you now, doesn't mean that something can't be expected later. With low payments, this gives you a chance to really save your money.
Purchase Through a Bank - It might be better to go through a bank to purchase a foreclosed home. Banks are required to handle and pay off any back taxes and you will be able to inspect the home before purchasing.
Inspect the Home & Neighborhood Thoroughly! - Answer these questions and record your findings when conducting your inspection:
How is the neighborhood where the foreclosed home is located?
How long has the foreclosed home been empty?
How is the landscaping of the foreclosed home and neighboring homes?
Was the foreclosed home winterized?
If you're thinking about buying a foreclosed home in Harrisburg, PA, there are some very good deals on bank-owned homes; but they go quick. You don't necessarily have time to try to work out the financing afterward. Be prepared before you begin the process. Get a Pre-Approval, then let's get started!
Harrisburg PA Real Estate Expert
Ken Huebsch: Your premier real estate agent in the Greater Harrisburg area. I am a specialist in Harrisburg real estate as well as the communities of Palmyra, Hershey, and Hummelstown. My wife Leslye and I have a combined 40+ years' experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you. We are dedicated professionals and are here for your success.
For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call. Also, check out what our fabulous clients have to say about us on our testimonials page!
Cell: (717) 514-1793 Email: Ken@KensHomesales.com
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