Foreclosure INSPECTIONS

HOW SHOULD I INSPECT THE PROPERTY?

Your profit margin can be destroyed if you underestimate the cost of repairs. Bring in a professional inspector if you are uncertain about any aspect of the condition of the property.

Assign numerical weights to each of the areas you are inspecting. Make sure you carefully observe all aspects of the property, including:

• Neighborhood
  
• Grounds
  
• Outside of Building
  
• General impressions inside
  
• Living Room/entry
  
• Kitchen
  
• Bedrooms
  
• Bathrooms
  
• Basement
  
• Laundry
  
• Garage
  
• Attic
  
• Plumbing
  
• Heating
  
• Air Conditioning
  
• Electrical System

For example: on a scale of 1 to 5 with 1 being "unfavorable" and 5 being "very favorable." Compare the number of favorable and unfavorable elements of the property.

A three-to-one "favorable" ratio is a good indication that you should proceed to make an offer. Don't let this ratio automatically be the determining factor. Let your overall feelings weigh into the final decision.

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Why Specialized Realty for buying Foreclosures?

• Our firm specializes in Texas foreclosure properties.
• Our agents are foreclosure experts.
• Our foreclosure focus experience helps us to keep you from potential penalties.
• Our foreclosure expertise ensures a smooth process for our buyers.
• Our experience in working with foreclosures helps you avoid any unforeseen penalties.
• We can make you aware of foreclosures before they go on the market.
• SRG buyer's agents represent the buyer, not the seller.
• We offer a market analysis to assist with negotiations.
• We have connections with lenders and mortgage who know foreclosures best.
• We work with foreclosures on a daily basis, so we know when a "hot deal" comes up.
• We offer foreclosures throughout North Texas.
• We have connections with lender and mortgage providers with hands-on experience working with foreclosures.

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