How Much Will You Save Buying a Foreclosed Home?

by ritasimpson on February 21, 2012

in Money Talk

Deeply discounted prices often lure buyers to foreclosed homes. But please do your homework before plunging in.

Builders are putting a lot of effort these days educating buyers about the often hidden costs of buying foreclosures. One large builder has put together an interactive “foreclosure calculator” You can find it at The calculator uses expense averages for acquiring, repairing and outfitting foreclosed homes of various sizes, conditions and price levels in the area. It helps open the eyes of shoppers to the “dark side” of foreclosures. On the other hand there are potential upsides of foreclosures- the pricing and location advantages can be huge. Learn more.

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