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There are many advantages of buying a foreclosed home. Here are a few to give you some guidance of how foreclosed homes can be great for a new buyer!


  • Seller will be motivated to achieve a fast sale, may create opportunity for below market purchase price.
  • Seller may be more likely to do repairs.
  • Seller might be amenable to providing major closing cost credits and other concessions.
  • Buyer can use regular mortgage financing.
  • Buyer can obtain desired inspections within standard due diligence/contingency period.
  • Seller must legally provide complete history of property‚Äôs condition, problems, repairs, etc.