Are Foreclosures a great value?

Hi Everyone,
Today I want to talk about Foreclosures, I have several buyers that call me and say, "I want to buy a Foreclosure" and I ask them is that all you want to look at? and Buyers sometimes think just because it's a foreclosure that it's the best value for their money, Don't get me wrong, some foreclosures are the best value, often times we can go into a foreclosure and find that the home has been trashed, or not maintained at all,  and the money that needs to go into these homes is far more than expected and it's not a value compared to a home that is move in ready. Home prices are at an all time low so many times you can find a move in ready home that is priced a little more than a foreclosure, but if you calculate the cost factor to get the foreclosed home up to living standards it can actually cost you more. so my advise is to find the best home for your dollars in your price range wether that is a foreclosure or not. keep an open mind to house hunting and go for the best value, however don't be married to the word "Foreclosure". If you are working with an experienced Realtor, than you can be sure he/she will know the value and find you the best home for your investment.

Make it a great day!
Blessings
Pam Schroeder

ps. and remember, If you or anyone you know are thinking of buying or selling a home, make sure to ask yourself have you "GOT PAM" for all your real estate needs?