Columbia MO Area Foreclosures

Foreclosed Property

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Myth Number 1 - You have to pay to get a secret list of foreclosures.

Truth - There is no secret list out there. Banks that own REO (Real estate owned) properties do not try to hide their listings on some special list. Think about it. Why would banks who need to get toxic properties off their books list them secretively and hard to find? The truth is they don't. Banks list their properties on the local MLS (Multiple Listing Service) with agents in the area that deal directly with them. Local real estate agents in your area know how to find them and they are more than happy to provide you with those listings free of charge.

Myth Number 2 - All real estate agents know what they are doing when it comes to buying foreclosure properties.

Truth - Research should be done to make sure your agent is familiar with foreclosures in the area. We prescreen agents that work through us to make sure they understand foreclosure financing and property information.

Myth Number 3 - All foreclosures are a good deal!

Truth - Yes many foreclosure deals are good, but many are also not. When bank's list their properties for sale they do a vague market value analysis. But often times they may start out high and then come down on the price as interest fades. This is not the case all the time but your buyer's agent should always do a CMA (comparable market analysis) on the property before you make an offer.

Myth Number 4 - You have to pay for the services of a buyer's agent.

Truth - You almost never have to pay a buyer's agent for their services. A bank pays for the services of your buyer's agent. It is already worked in to the price of the home. You need representation and all banks are aware of that fact. Never buy a home without representation!

How Our Services Work

You will receive a FREE list of homes in your area that are in a foreclosure status by email. To receive this service all that is needed is for you to fill out the form provided and you should start receiving the weekly list in as soon as 24 hours. Remember this service is free of charge and there is no obligation, so get started looking today!