Foreclosures
sometimes are best deal for someone is looking for her/his house as homeowner,
it costs less than its real worth an dyou can still negotiate price with the
bank.
Let me
explain better, you decide that is time to find a home to buy, so start every
kind of research, asking to friends, relatives, visiting websites, go in the
real estate agencies and start to fix appointments to see the houses into your
favorite location, but location is to higher for your budget and so , a day
your realtor suggest you to visit some foreclosures properties and at the
beginning you aren’t agree but then BAAM you put your foot in a house that you
love and is in your favorite location and…drum roll please..you can afford it…
But please
before say budget to your agent, go in the bank with detailed information so
then you can be honest at 100% with your agent and him/her can suggest
properties inside your range of price!
There are
some costs that are absolutely necessary to pay (the following costs are for
Italy, they can change in every country)
- Deposit 10% of price Mortage cancellation €600 or 2% of mortage
- Registration tax (“% of house’s worth)
- condos fee must to be pay from who buy the house
- Sometimes time can be long, in some cases you can enter into your house from 60 days till one year
However
next time a realtor suggest foreclosures don’t say no, but give a chanche to
these properties!!!
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