First Time Home Buyer Foreclosure

As in baseball, winter is the real estate off-season; if you’re a first-time home buyer who’s been scouting homes on Redfin or Trulia or Zillow, you probably noticed there wasn’t much coming up for sale the past few months, which can be really frustrating (or a great opportunity, since many other buyers put their search on hold for the holidays).

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In order to effectuate a short sale, the buyer must first negotiate with. and the lender seizes the home. This proceeding is initiated by the bank, rather than by the buyer (in a short sale)..

Advice on buying a home, for first-time home buyers and current homeowners. Here’s how to find your dream home, make an offer and close on the deal.. Buying a foreclosed home can be a good way.

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First, let me start by saying that considering any money saving options when purchasing a home is smart. That said, I would always advise that first time buyers do plenty of research before settling on a foreclosure. Buying a foreclosed home may seem like a great deal at first glance.

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The Phoenix metro housing market continues to be too strong for many first time home buyers. "They’re in this $200,000 price point. It’s so hard to find a right home, it really is," Slava Kostadinova.

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