Comments on: If a house is in foreclosure, when is the best time to make an offer to buy it? http://www.homestagingguide.net/blog/staging-a-house/if-a-house-is-in-foreclosure-when-is-the-best-time-to-make-an-offer-to-buy-it Home Staging as a Business Tue, 22 Mar 2011 20:27:44 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: mogumirehttp://www.homestagingguide.net/blog/staging-a-house/if-a-house-is-in-foreclosure-when-is-the-best-time-to-make-an-offer-to-buy-it/comment-page-1#comment-1408 mogumire Fri, 18 Mar 2011 19:05:32 +0000 http://www.homestagingguide.net/blog/staging-a-house/if-a-house-is-in-foreclosure-when-is-the-best-time-to-make-an-offer-to-buy-it#comment-1408 Gideon-Interestingly enough we put in an offer on a house not too long ago and you did the same thing....trying to wait for higher offers.Because you told us you weren't coming back to us for a week or two, we rescinded our offer entirely. You came back a couple weeks later asking for us to reinstate our offer....we said no....and the house sold for less than our original offer.So I'm not sure your strategy has always worked.... Gideon-

Interestingly enough we put in an offer on a house not too long ago and you did the same thing….trying to wait for higher offers.

Because you told us you weren't coming back to us for a week or two, we rescinded our offer entirely. You came back a couple weeks later asking for us to reinstate our offer….we said no….and the house sold for less than our original offer.

So I'm not sure your strategy has always worked….

]]> By: Mukunda Mhttp://www.homestagingguide.net/blog/staging-a-house/if-a-house-is-in-foreclosure-when-is-the-best-time-to-make-an-offer-to-buy-it/comment-page-1#comment-1252 Mukunda M Tue, 29 Jun 2010 03:18:59 +0000 http://www.homestagingguide.net/blog/staging-a-house/if-a-house-is-in-foreclosure-when-is-the-best-time-to-make-an-offer-to-buy-it#comment-1252 Your first opportunity comes in the "pre-foreclosure" stage, when owners have already defaulted on their mortgage payments but actual foreclosure hasn't happened yet. To find out about houses in default, visit the local courthouse where defaults are registered. You can then make offers directly to the defaulting homeowner. However, few pre-foreclosure bargains exist among the most desirable homes. Many of those will sell for near their appraised values. Properties that sell at a 20 percent to 40 percent discount usually need repair or are in undesirable communities. At this stage you have about 90 days to act after the default notice is posted and another 21 to 25 days after auction sale date is published. If a property doesn't sell in pre-foreclosure, and the home owner actually defaults on his mortgage, the home goes to public auction. During this stage you can find the best bargains, but it is fraught with difficulties. Properties are sold "as is," without warranties. Sellers needn't disclose problems. Buyers may find themselves with unexpected -- and expensive repairs. etc. etc. Hope this helps.<br><b>References : </b><br> Your first opportunity comes in the "pre-foreclosure" stage, when owners have already defaulted on their mortgage payments but actual foreclosure hasn’t happened yet. To find out about houses in default, visit the local courthouse where defaults are registered. You can then make offers directly to the defaulting homeowner. However, few pre-foreclosure bargains exist among the most desirable homes. Many of those will sell for near their appraised values. Properties that sell at a 20 percent to 40 percent discount usually need repair or are in undesirable communities. At this stage you have about 90 days to act after the default notice is posted and another 21 to 25 days after auction sale date is published. If a property doesn’t sell in pre-foreclosure, and the home owner actually defaults on his mortgage, the home goes to public auction. During this stage you can find the best bargains, but it is fraught with difficulties. Properties are sold "as is," without warranties. Sellers needn’t disclose problems. Buyers may find themselves with unexpected — and expensive repairs. etc. etc.
Hope this helps.
References :

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