Boston real estate – Foreclosures
From the Boston Herald:
Snapping up a foreclosed home on the cheap isn’t as easy as it sounds.
“Buying a foreclosure is definitely a bit of a grind,” said Robert Jenson, a real estate broker in foreclosure-wracked Las Vegas. “You’re getting fantastic pricing, but sometimes it takes going through a lot of houses and writing a lot of offers to get the home you want.”
After all, foreclosure sales are very different from traditional home purchases.
For instance, most foreclosure deals involve only one real estate agent – the broker hired by the bank.
There’s also little or no haggling, while homes are typically sold “as is.”