Foreclosures for sale in Kernersville are always number one on potential home buyer’s minds. There is good reason for buyers to be attracted to these bank owned homes. Often foreclosures are listed below market value and can present some great investment opportunists.
However foreclosures for sale in Kernersville often require repair capital and some serious sweat equity. There are some rehab loans available for anyone buying the home as their residence. However, if you are an investor just looking for a good deal on one of the foreclosures for sale in Kernersville then you will need cash or an investment loan. Investment loans will usually require 15-25% down payment.
Some foreclosures for sale in Kernersville do not require major repairs and can still be purchased via conventional loan or even FHA/VA financing. In this case it pays to work with an experienced real estate professional who can identify potential hiccups in loan funding based on home condition. It is always a good idea to get your loan pre-qualification letter before you start your house hunting.
Foreclosures for sale in Kernersville usually get sold quickly so if you are in the market contact us. We can help you secure financing, find the best deals, and assist you in navigating to complex process to get the home closed. Find your next home deal by browsing these current foreclosures for sale in Kernersville.