Dee Dee Burch

Please e-mail me directly at ddburch@gmail.com or call 231-620-9900

 Many buyers are interested in purchasing a foreclosed property, but not all buyers qualify to buy a foreclosure or are good candidates to buy a foreclosure.  Purchasing a foreclosure can be very different than the traditional home buying process.  Traditionally when you write an offer on a home, the seller responds within 24 hours with a counter-offer, acceptance or rejection of your offer.  You typically have 10-14 days for your home inspection and we close in about 30 days from the date of your offer.  The house is usually still occupied and has been maintained.  

Purchasing a foreclosed property can get you more house for the money, but there are trade offs.  The banks have their own special forms and addendums and you have to meet their deadlines. Some foreclosed properties have broken plumbing and other issues and the bank may or may not fix.  There are foreclosed properties available that need a total overhaul and others that are in beautiful condition.   I list and sell foreclosed properties and can help walk you through the purchase process.  I love to work with buyers that are looking for their first home, their dream home or their vacation home.  Some foreclosures receive multiple offers the day they are listed, so it is important to work with a Realtor that is up to date on the market and housing inventory.  Before looking at properties you should talk to your lender and find out how much you are pre-approved for, loan programs available to you and if you will need any seller concessions.