I looking into buying a house,what are the proper steps I should take?

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What is the different between Foreclosured homes and new properties?
and Bank owned houses?

3 Comments
  1. Reply
    Reginald Whitcomb
    November 10, 2011 at 10:12 am

    Bank owned properties are often foreclosed properties.

    The difference between those and a new property is that the condition of the home may be far different, and that you may be able to buy a forclosed home for cheaper because of repairs needed or the bank sells it off for less than it’s appraised value.

    The proper first step to buying a home is ALWAYS finding out how much you can afford.

  2. Reply
    jimmy dean
    November 10, 2011 at 10:33 am

    The first thing you should do is get your money together. If you’re paying cash, no problems, if you’re going to need to finance it get with a lender.
    Then talk to some real estate agents.

  3. Reply
    CYNTHIA R
    November 10, 2011 at 11:21 am

    Foreclosed are bank owned.New homes are just that new, no one has lived in them yet, the others are pre owned and previously lived in. Find a Realtor that you trust, ask friends, family and coworkers for recommendations.

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