Whether you are looking for a deal on a St. Louis home to live in, or an investor looking to buy St Louis rental property or St Louis homes to flip, foreclosures, REO's (bank-owned real estate) and short-sales offer what are potentially great opportunities. Unfortunately, as you have most likely discovered, you are not the only person in St Louis looking for bargain real estate! The competition for St Louis foreclosures and bargain real estate is tough and, as the inventory of St Louis foreclosures and REO's declines, getting tougher. So, what steps can you take assure your success when trying to buy St Louis foreclosures or other St Louis bargain real estate while, at the same time, protecting yourself from the many land-mines that exist in that market? Below are some tips from Dennis Norman, one of the Broker-Officers and a partner at MORE, REALTORS, who, since entering the real estate business at the age of 18, has bought and sold over 2,000 St Louis homes, including hundreds of foreclosures. Dennis has "learned from the trenches" and enjoying helping others use his experience and knowledge to help them succeed today in real estate.
Tips "From The Trenches" On Buying Foreclosures: