Foreclosed Homes in Albany NY

HUNT Real Estate agents can help you maximize an Albany, NY foreclosure investment

Foreclosed homes in Albany, NY can be a bargain. Often you can buy much more house for your dollars. However, there are a number of complex factors involved into buying a Albany, NY foreclosure properties and HUNT Real Estate state agents know how to do it.

Foreclosed homes often sell for lower prices than comparable homes. The financial institution is often willing to accept a low bid because it has no use for the home, making the institution a motivated seller. In Albany, NY foreclosures are also often sold at auctions, where lenders try to unload many properties as quickly as they can. Another benefit of buying a foreclosure is negotiating leverage. Your real estate agent may be able to extract concessions from the seller, such as a below-market mortgage or funds to cover repairs.

Our real estate agents can help minimize foreclosure risks

  • One of the biggest risk with buying a foreclosed home in Albany, NY is poor physical condition of the property. Some lenders repair their foreclosures before they sell them, but many do not. Our agents can help you make an educated choice.
  • Sometimes there are also still some legal issues associated with foreclosed homes in Albany, NY. As long as the owner still occupies the property and/or the lender has not taken clear title to the property, the legal dangers are very serious. Our agents can help you make sure that there will not be any unpleasant surprises.
  • Foreclosures are not advertised and listed as conveniently as regular houses for sale. To find out about foreclosed home in Albany, NY, you need a real estate agent who knows the market.
  • You need to have an experienced real estate professional working for you in order to negotiate aggressively and to mitigate your risks. Our Albany, NY real estate agents are trained to navigate the foreclosure process expertly, helping you get into the home of your dreams faster.

Contact HUNT today for a consultation or to view foreclosed home in Albany, NY currently on the market. We can also be reached by phone at 855-400-4868.