Touring Foreclosures For Real Estate Bargains

By on

Foreclosure tours are new way to shop for real estate bargains. The premise, you tour homes that are in foreclosure, pick out one you like, then negotiate with the lender and buy the house for less than market value. There are those who say this form of real estate amounts to a clever way of taking advantage of the home’s less fortunate former owners, but since these houses have already been foreclosed on, buying one might be nothing more than a good opportunity.

So, should you you buy a home that’s in foreclosure? Well, do your research. Remember that the home was foreclosed on for a reason… don’t let yourself be the next foreclosure. Just because something seems like a bargain, don’t expect to be able to sell it immediately, especially in the current real estate market. Like anything else, use good judgment and don’t get in over your head!

The one thing we still want to know is… Do you think this is ethical?

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Check out our hottest deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,327 more deals!

Comments & discussion

We welcome your opinions, but let’s keep it civil. Like many businesses, we reserve the right to refuse service to anyone. In our case, that means those who communicate by name-calling, racism, using words designed to hurt others or generally acting like an uninformed bully. Also, comments that include links to email addresses or commercial websites typically aren't posted. This isn't a place to advertise your business.