Real Estate Flower Mound, Highland Village and Denton

Thursday, August 12, 2010

Types of homes for sale in Corinth, TX

U.S. Household Property Foreclosure Chart 2007Image via Wikipedia
Corinth, TX Homes For Sale. If you are in the market for pre-owned home you can buy one of these types of properties:

  1. Home for sale by ordinary sellers with enough equity to close or cash to bring to the closing table.
  2. Foreclosure home for sale. Owned by banks, or Freddie Mac and Freddie Mae. Buying this property means you will not see seller's disclosure and your agent must follow strict instructions and submit all appropriate addenda and forms. However, the negotiations and closing are usually achieved without delay.
  3. HUD home for sale. You agent/and her broker must have an account with HUD authorized sellers to place a bid on a home for sale in Corinth, TX or other areas of Texas. An agent must follow strict instructions and submit a complete package.
  4. Short sale home for sale. There are a few short sale homes for sale in Corinth, TX and Denton, TX. This transaction involves seller's lender approval and takes weeks and months to complete. Not recommended to home buyers needing to move in in 1-2 months.
When you are looking to buy a property for yourself to live in consider all four types. But if you need to move in within a short time - focus on #1 and #2 options. If you want a fixer upper but will occupy the property - research option #3. In any event, with historically lowest interest rates and large inventory - there are vast opportunities for the buyers now.
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