Buying Options Can Open “Hidden” Doors

Dated: July 16 2021

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Buying Options Can Open “Hidden” Doors

Today’s consumers are very independent, and have many resources available to them when it comes for shopping for a home. They may think that any home they might want to purchase will be listed on real estate websites or in the newspaper. Many properties can be found this way, but limiting any search to just these channels can eliminate prospective properties.

The ‘hidden’ option of auctions and foreclosures can open up greater possibilities. In some cases, these purchase methods can even offer opportunities to consumers who might not otherwise be able to purchase a home. 

Properties are auctioned by motivated sellers for a variety of reasons, but the reasons rarely have any effect on the property itself. In the certain neighborhoods, foreclosure has become regrettably familiar. But this creates a situation where banks and other mortgagees have a surplus of properties that they would rather purge than own. 

Auctions and foreclosures are widespread and can be found in almost every market segment: single-family homes, condos, resort and multi-unit properties. 

Yet many consumers may be unaware of these purchase options or are reluctant to pursue them, due to a lack of knowledge. Certainly, learning the ropes to these “alternative” homeownership paths can be difficult, and the cost of making a mistake can be steep.

However, working with someone who understands these industry niches can smooth out the process. Real estate professionals who know how to manage both traditional transactions and those conducted through less well-known purchasing methods can help guide consumers through the intricacies of such alternative-method purchases.

If you need services of a real estate agent now or in the future, please don't hesistat to contact me. I’m a member of the Real Estate Buyer’s Agent Council (REBAC) of the National Association of REALTORS®, and has obtained the Accredited Buyer Representative (ABR®) designation.

As the world's largest association of real estate professionals focusing specifically on representing the homebuyer, REBAC is "The Voice for Buyer Representation," with more than 32,000 active real estate professional members of the organization throughout the world.  

Whether it’s following the traditional route of negotiating with a seller’s agent, or along less-traveled paths of finding auction and foreclosure properties, ABR® designees make a buyer’s best interests their own.

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Anne Butcher

Award-winning agent including America's Top 100 Real Estate Agents from 2019 and 2020. A full-time Real Estate Agent since 2003 and a certified negotiation expert. Awarded eXp Realty Icon Agent Statu....

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