Pre- Foreclosures on Zillow
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DID YOU KNOW?
Pre-Forclosures on Zillow
In the world of real-estate there are many ways to buy and sell a Home. One of those ways is Zillow. While this can be a handy tool, it’s important to know as much information as possible about the tools we are using.
In our past experience pre-foreclosures have always been FAKE on Zillow. The problem is Zillow pulls records from the county and if anyone misses a payment on their house or is late on a payment it reports to the county and then Zillow adds it as a pre-foreclosure to it’s site.
We get calls and requests for showings on these in Idaho Falls and surrounding areas constantly!
KEEP IN MIND:
#1. Anything that goes into foreclosure will be listed in the newspaper 100% of the time due to Idaho state law requirements for the foreclosure process to take place, so that is your best source for finding foreclosures.
#2. The house must be purchased with cash at any foreclosure auction.
#3. Recently banks have been getting top dollar just like any other property listed for sale in this seller’s market due to the low supply of homes.
#4. Buying a foreclosure in Idaho Falls and surrounding areas could cost you more because of the likelihood of frozen plumbing and hairline cracks in pipes that can leak in the future due to the banks being unaware just how long a home has been vacant. They have been putting large minimum price caps that they will allow a home to sell for, so most homes don’t go to auction around here and just go straight on the MLS for the whole public to purchase.
The Bottom Line:
Our job is to know how everything in the Idaho Falls Real Estate Market works, we are constantly educating ourselves so we can help our clients get the most out of their sales, and to provide professional representation through the entire process of buying or selling a home! We can give you the peace of mind that’s missing from going at it alone! Are you getting ready to make a big change? Give the Cindy Bates Group a Call and we can share with you all we know! It’s our job, and we love it!
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