Short Sale and Foreclosure Homes in Albuquerque NM

Short Sale and Foreclosure Homes in Albuquerque NM can present an opportunity to get a great deal on a property at times. If you categorically disqualify distressed properties you might miss out! Distressed sales tend to be priced from 5 to 25 % below market value. Also, keep in mind that not all Short Sale and Foreclosure Homes in Albuquerque NM are dumps and require a lot of work! Having helped many Buyers acquire distressed homes over the years, I have seen it all. From homes that need major rehab work to ones that are move in ready.

Look for hidden values

There may be absolutely nothing wrong with the property in foreclosure or sold in a short sale. The bank has discounted the home because it sells such properties as-is, without disclosures. If you do your homework, you can use this situation to your advantage. And should we learn of a major problem with the house, I can negotiate with the bank for a lower price.Don’t forget: Banks aren’t in the business of owning homes. They want these properties off their hands as soon as possible. Banks will take seriously any buyer who’s well-qualified and ready to close a deal.

Minimize risks

If you’re looking for a home in a market where inventory is tight, buying a home in foreclosure or short sale can be a great option. To minimize the risks involved in purchasing Short Sale and Foreclosure Homes in Albuquerque NM contact me today. Every bank has different rules and forms for their REO (Real Estate Owned) Inventory and I would be happy to help you with any property of interest to you.

 

 

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4517 Homestead Trail Nw Albuquerque, NM 87120

$186,900
4 Beds
2.5 Baths
1,850 SqFt
Status Active
MLS # 902225
Property Type Detached
Wonderful opportunity to own this conveniently located 2 story home with 4 bedrooms 2.5 baths and 2 car garage. Features spacious kitchen with beautiful wood cabinets, separate living room, dining room and den. Nice large bedrooms and loft upstairs. Make an offer! REO foreclosure property. Needs work. Property sold ''as is'' without repair, warranty or seller disclosure. Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein. Buyers should complete an inspection to determine if property condition meets their needs.