can someone explain to me how to put in a bid on a foreclosure? (foreclosed, agent)

[tropolis]

do i have to go through an agent or could i do it myself?

also what sites are available to see these listings that arnt shown on sites like realtor.com, etc.

thanks.

[Zyngawf]

Originally Posted by tropolis

do i have to go through an agent or could i do it myself?

also what sites are available to see these listings that arnt shown on sites like realtor.com, etc.

thanks.

I would advise using an agent. Banks have there own as is addendum/contract that is written to their advantage and can be very intimidating to a buyer. It is best to have someone representing you that can answer questions and look out for you.

[Silverfall]

Originally Posted by tropolis

do i have to go through an agent or could i do it myself?

also what sites are available to see these listings that arnt shown on sites like realtor.com, etc.

thanks.

You have to go through an agent via the regular route or with an auction. Most banks won't take offers directly from buyers as they have no time or personnel to deal with consumers directly.

[Carla Hailey]

Have an agent who will represent you as the buyer. Agent have the knowledge to compare and make an offer close to the real value of the property.

[Lacerta]

Are you talking about a house that has already been foreclosed on, or bidding at a foreclosure auction? Because they are VERY different processes.