HOT LINE: 415 240 34 827 Steps on How to Buy a Foreclosed Home in California
- Step 1: Get Pre-approved for a Mortgage. …
- Step 2: Hire a Real Estate Agent (Optional) …
- Step 3: Search for Foreclosed Homes. …
- Step 4: Submit Offers or Make Your Bid. …
- Step 5: Secure Your Property. …
- Step 6: Get the Home Appraised. …
- Step 7: Close the Sale.
Houses sold at auction tend to achieve much higher prices now than they used to. They can sell for as little as 70% of their market value, but can sell for as much as 10% more than market value. The average is about 85-90%.
