Asheville Foreclosure Search

Asheville Foreclosure Search

Search Asheville NC Bank Owned, Short Sales and Foreclosure Properties.

Asheville, Waynesville and Maggie Valley distressed properties have been selling quickly and this is a good time to take advantage as Asheville Real Estate continues to grow.


What Do You Need To Know When Investing Into a Foreclosure?

In real estate, money is made at the buy. You can consider it a good deal if you get it for 80% of market value minus the cost of repairs.

For example, let’s say you find a foreclosure listed at $125,000. You and I acting as your real estate Broker in Asheville NC agree this is a fair market value for the house in pristine condition. Your contractor estimates repairs at $15,000. Now do the math 80% of $125,000 is $100,000, minus repairs of $15,000 is $85,000. There’s your offer. You’ve got some room to negotiate, but don’t go into debt to get the deal done.

Another option is to buy a home from the owners before the foreclosure perhaps it is a Short Sale. The owners have the right to sell the house at any point before the actual auction. Even better, they are highly motivated, meaning you can get a great deal by helping them prevent a foreclosure.

As Asheville NC and surrounding areas foreclosures grow, you may feel the urge to jump into real estate as part of your investment strategy. Real estate investments done right can give you higher returns than mutual funds, but they require a lot more time and trouble. Be sure you’re prepared financially and mentally before plunking down your cash. Work with an experienced Broker that can help you with different ways invest in real estate and Asheville NC areas.

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Contact Information

Photo of George Mills Real Estate
George Mills
Coldwell Banker King
20 Town Mountain Rd
Asheville NC 28801
Phone: (828) 400-8647
828 398-5745
Fax: 828 398-5701

Licensed Real Estate Broker