With the large number of foreclosed homes on the market today, you may be trying to figure out if the risk is truly worth the reward when buying a distressed property. It sounds enticing but are the risks worth the potential rewards?

With the purchase of a new SeaGate home:

• You are the first homeowner!
• You will enjoy peace of mind on a significant investment creating a more worry free and enjoyable home buying experience.
• You will have protection from large out of pocket expenses.
• Your new home will have the most recent and up to date building materials requiring little or no maintenance.
• Your new home will have the newest technology and energy efficiency.
• Less time-consuming, less difficult and less frustration in searching for your home.
• You will receive a quick response to your offer.
• A One Year Builders workmanship and materials warranty + 2 year mechanical + 15 year structural warranty (2-15 Home Buyers Warranty) is included with every home.
• Closing right on time - no waiting on a bank to decide when and "if" you will close on your foreclosed home.
• Everything is new! New roof, cabinetry, flooring, countertops, plumbing, foundation, paint, windows, air conditioner, hot water heater, appliances PLUS you can customize many if not all of your selections.
• No need to spend money on inspection fees- your new home includes a warranty.
• Built and inspected to current state and local code regulations.
• Opportunities to live in the community and location you desire, not limited to where you can find an acceptable foreclosure.
• “As you want it”….. Not “As is”.

If you think you will like to pursue foreclosed property for you and your family you should ask yourself the following questions:

• Am I extremely patient? Waiting for an answer on a short sale can take 6 months or more.
• Am I a risk taker?
• Am I prepared to submit multiple offers on foreclosed properties and waste valuable time?
• Am I comfortable purchasing a property “As is”, with no warranties and taking my chances?
• How did the previous owners treated the house prior to losing it to the bank? In many cases, these houses are poorly maintained and have a high likelihood of hidden defects and you will not be provided a Seller’s Disclosure. (Foreclosures do not require a Seller Disclosure)
• What happens if the home I am purchasing has hidden problems such as mold or termites?
• Do I have extra money to fix up a foreclosed home? The cosmetic items you can see may be the least of your problems if you start dealing with major hidden repairs and defects.
• Am I prepared to evict someone from the property if necessary
• Am I prepared to deal with liens on your home that are not free and clear?
• Does the home I am purchasing include a warranty?

If you are looking for peace of mind for you and your family when purchasing the largest investment and asset of your life, call or email us today. We look forward in assisting you with your new home search!