How to Buy a Foreclosure in Beaverton, Oregon in Portland, Oregon For Sale

How to Buy a Foreclosure in Beaverton
If a person wants to know how to buy a foreclosure in Beaverton, she probably IS looking for a great deal on a home. She probably IS NOT looking for a home that reeks of the failure of the previous owners.  She simply wants to find a great deal on an important purchase.  If would be great if the journey started with browsing through pictures of beautiful homes that have been expertly maintained, but buying a foreclosure and finding that great deal is a deliberate process.  The successful new homeowner does a bit of footwork ahead of time. 
Follow these FIVE important STEPS to Buying a Foreclosure in Beaverton:
FIRST  Secure financing with the help of a mortgage specialist.  To buy a foreclosure, a preapproval letter from a lender is usually required.  The mortgage specialist will make sure that the lender will fund a distressed property because foreclosures have often sustained neglect of some kind.  The mortgage specialist will also provide a price range incorporating the buyer’s personal financial details.
SECOND  Find a real estate broker who specializes in foreclosures in Beaverton.  The real estate specialist must be able to provide suitable property options for consideration and submit an offer on the best choice within a twelve hour period.  Otherwise, an investor will cut in line with a cash offer.  In plain language, THE BROKER MUST BE ON THE BALL.    
THIRD Be aware of the time it takes to sell a foreclosure in Beaverton.  In this market where the housing inventory is low, great deals are being listed and are under contract within 24 hours.  It sounds crazy, but it is happening.  Non cash, single family buyers who are in the mid to low range for financing, $120,000 to $250,000, are being pushed out by investors.
FOURTH Know the fair price for foreclosures in the Beaverton area neighborhoods.  One third of all homes for sale in Beaverton are foreclosures or short sales.  This FREE INFORMATION is readily available at greaterportlandhomesales.com.
FIVE Remember that the price point is for AS IS.  The seller will not negotiate or make repairs.  Most foreclosures in Beaverton are bank owned or investor properties.  These sellers know that you are just one in a long line of willing buyers.  Be prepared to pay around $500.00 for an inspection to ensure that any repairs are within your budget.
At the end of the day, DON’T get discouraged.  A bit of preparation and perseverance from a willing buyer and an expert real estate agent will SOON ensure another PROUD OWNER of a new home.  Buy a foreclosure in Beaverton and rest assured that hard work has achieved the DEAL of a LIFETIME.
How to Buy a Foreclosure in Beaverton is provided by Jesse Poll, the real estate expert