New Delhi, July 6 -- Are you browsing realtor listings for a foreclosure home? Although you might get great deals on such homes, a purchase decision needs some forethought and careful consideration. Find out how to know whether a foreclosure property is right for you.
Obtain Pre-approval
Get pre-approved. This is the initial step that you have to take when it comes to purchasing almost any home. When you obtain a pre-approval for a home loan, it gives an idea about the price range that you will be able to afford. However, you must remember that repairs are needed for a foreclosed home. You would like to have your monthly payments within a range that can help you afford the home repairs that would be required.
Consult with a realtor
A pr...