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Home > Bank Foreclosure > Foreclosures In 15 Minutes > Foreclosures - Foreclosure Tips Foreclosures - Foreclosure Tips Tip #1 - The rewards are greatest when the real estate investor is a knowledgeable, pro-active force in the process.
Take an active roll in your foreclosure home investment.
Tip #2 - The figure for how many days on market (DOM) a property was available before its eventual sale will be found on the MLS listing.
Be sure to ask your real estate agent for these figures specifically so that a determination can be made regarding the desirability of a particular neighborhood, style of home, and other factors.
Tip #3 - Along with "sold" properties, take a look (in print) at other homes that are still "available" or "withdrawn" from the market to determine the health of the market.
Tip #4 – Be sure that you are true to your investigation and do not allow passion or trepidation to sway your decision-making either way.
It is more important that you swing than it is that you hit a home run. Bid often!
Tip #5 – Once the subject property is under contract, be sure to get a foreclosure home inspection and estimates from more than one contractor.
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