Lehigh Valley Real Estate - Tips 4 Homeowners, Buyers & Agents

Lehigh Valley Foreclosures & Real Estate – Learning the Risks about Foreclosures in PA & Estate Homes in the Lehigh Valley area – The Risks and Benefits involved.

Everyone seems to think that Foreclosures are the way to go to buy Lehigh Valley Homes.  Everyone has an opinion and I am going to share mine with you.

Lehigh Valley Foreclosures looks like a GREAT deal solely because of the price.  When you are comparing price and value…you need to also compare the risk involved. Here is a quick look at the risks the general public calls a Foreclosure listed by a Real Estate Agent. These properties are owned by a Bank and NOT HUD.

You may view my video on this topic but be sure to review additional resources below.

Foreclosure Property Risks (Listed significantly below market value)

1) 75% of the time the utilities are off when you view a bank foreclosure.

2) 90% of the time the home has been vacant and lacking maintenance for over 10 months.

3) 99.9% of the time you will need to turn on the utilities in your name  in order to conduct the home inspection after your offer gets accepted by the seller (bank).

4) 100% You must sign additional bank papers that make you responsible for more than the Standard Residential Agreement of Sale.

5) 75% of the time The Seller will not do any repairs on a Lehigh Valley Foreclosures in PA.

Lehigh Valley Real Estate foreclosure resources for Home Buyers also include Foreclosures How can I find them – Thinking about Buying a Foreclosure? 5 Things to know and Different types of Foreclosures

Estate Property Benefits for Lehigh Valley Homes (listed a little below market value

1) 90% of the time the utilities are ON when you view the home.

2) 75% of the time the home has been vacant for about 6 months but the family takes care of the home and checks on it.

3) 99.9% of the time the Utilities are kept on until settlement; this is covered in the Residential Agreement of sale for Lehigh Valley Real Estate.

4) 99% of the Time you only need to sign the Standard Real Estate Agreement of Sale for your state and the seller has more responsibilities to you then a Bank.

5) 75% of the time the Seller will negotiate with you on the results of the Home Inspection and provide for repairs and/or credits to major repairs.

What situation makes you feel more comfortable when contemplating buying Lehigh Valley Real Estate  for you and your family?

Copyright © 2009 Moriah Martin RE/MAX real estate All Rights Reserved * Lehigh Valley Foreclosures & Real Estate - Foreclosure or Estate Property? What are the Risks?*