When most people buy homes, they browse through home listings, use a realtor to find the perfect fit, and prepare their finances for a down payment and closing costs. Buying a foreclosed home is a little different. “Buying a foreclosure is definitely a bit of a grind. It’s not easy,” says Robert Jensen, broker and president of the Rob Jensen Co. in Las Vegas. “You’re getting fantastic pricing, but sometimes it takes going through a lot of houses and writing a lot of offers to get the home you want.”
Before you take the plunge into buying a foreclosed home, make sure you know what it is and how to buy one.
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