In today's real estate market many buyers who are just starting their search for a home, get excited at the the thought of being able to purchase a foreclosure. The general perception is that you can buy a great piece of property at a steep discount. While this may be true, no one seems to mention that most of these properties are in disrepair. The amount of time, work and money its going to take to make it a home again can prove to be far to extensive for most buyers. In this video I walk you though a foreclosure that has just come on the market in Boston. If you are thinking about buying a foreclosures you may want to watch this video.
About the author: The above Real Estate information was provided by Robert L Nichols Jr. Robert is a is real estate consultant and Entrepreneur. His services encompass real estate brokering, development, short sales, and innovative listing services.
Robert Has founded several real estate stratups and is the Founder of Boston Trust Realty Group, a Boston based brokerage firm. Robert's companies also include MungoList.com and Rigid Capital Investors, LLC.
I have a client just like that who thought they wanted to buy a foreclosure. Finally after looking at about 6 homes they woke up to what most foreclosures are all about.
Robert - Exposing foreclosure properties translates well into a video. Good job.
Great post. Suggesting.
Robert -- that is one fantastic way to help buyers understand the problems with many foreclosures.
Blessings to you and yours through 2012!
Robert great job in spelling out the terrible condition that most forclosured properties are in. Forclosures are not for the meek at heart.