If you're a prospective buyer in the Grand Rapids area and are in search of your essential home, search all homes on the MLS, or if you're wanting to place your home on the market, don't hesitate to obtain a free home price estimation tool. If you have any questions, or desire any preliminary information about the Grand Rapids real estate market, feel free to contact me at (616) 532-7200.
After a home is foreclosed on, it becomes a bank owned home and is now for sale by a broker. There are many things to consider when buying a foreclose home that you may not know about. By following these simple tips, you will be able to get a great home at a fraction of the cost.
- Once a home is foreclosed upon and for sale by the bank, we pick it up on our MLS system right away. We then immediately send the information to you so that you will have the first crack at these homes. So if you see a home you like, it is important to let us know right away so we can help you with your offer.
- After we get you the information, we will get you in on the same day to see the property so that if you like it, you can make an offer. Timeliness is key when making offers on foreclosed homes, as often times the first offer in is the first one accepted by the bank
- Another type of foreclosure we have much experience with are HUD homes. These are foreclosed homes that were on an FHA loan. It is a bit of a different process than a typical foreclosed home, as you are bidding on the home against other buyers. If you see a home listed as an HUD home, let us know. We have a lot of experience with these and guide you through the process with knowledge and clarity.
- For all foreclosed homes, we have a proven system that we use in order for you to make the best offer, or if it is a home you need to place a bid for, we can help you make the best right bid. We will gather all the information on the house including what it has sold for prior, what other homes in the area have sold for, and what the house's value is. We will then give you great advice on what offer to make, how you should package that offer, and various tips and tricks of the trade for making the best offer. This will give you a competitive advantage in the market.
- We have great relationships with most of the agents here in Grand Rapids and these relationships will play a key role in getting you the best deal for a foreclosed home.
