There is no doubt that foreclosure homes are in high demand. Smart real estate investors buy houses at prices below their market value, renovate them if necessary, and then sell them at a profit. It can be quite a challenge to find free listings of foreclosed homes. There are many websites that offer lists of foreclosed properties. However, most of these require you to pay a subscription fee to access the list.
Free lists are also available, but they come with limitations. For example, most websites will allow you to search for foreclosed properties. However, you won’t have access to information such as the house description, exact address, or personal contact information for the owner unless you sign up for a free trial period, which is typically 3-7 days. Your credit card will be billed when you sign up for the free trial, but you can cancel the subscription if you don’t want to continue with the service.
On the other hand, getting a good free list of foreclosed homes is very advantageous. You will have the opportunity to buy a house for 20 to 50 percent cheaper than its market value. To access a free listing, check your local real estate agent’s website for a listing of upcoming foreclosures. Most banks usually work with local real estate agents and allow them to list their foreclosure homes on their website. In some states, you’ll find free listings of government foreclosures on state websites.
Since free foreclosed home listings are available to everyone, you need to act fast if you want to get a good home. It’s wise to register with the website that provides the free listing and set up email alerts on your computer or cell phone so you can get first-hand information when new homes are listed in foreclosure. You can get prime properties and prices well below market value, sometimes as low as $10,000 in free listings.
To get an edge over other foreclosed home buyers, you need to look for innovative ways to get information about available homes before others do. For example, you can build a relationship with your real estate agent to find out about upcoming foreclosures in your area before they are posted on the company’s website. With this information, you’ll be ready to buy the houses when the time comes or can negotiate a better deal with the owner before the foreclosure takes place.