Can foreclosure homes be previewed inside before making an offer?
Homes in the MLS listings that are bank-owned can be toured just like other homes. Foreclosed bank owned homes have lock boxes on them from the realtor that is representing the bank. The buyer is wise to have a realtor representing him and keep in mind that the banks realtor is looking out for the banks’ interests not the buyers! Many of the Las Vegas foreclosures are in beautiful condition but keep in mind that foreclosed homes are sold as-is so you can not go back to the seller later for repairs. The smart buyer will get a professional home inspection done to be aware of any issue before closing. There are foreclosed homes that have been neglected or damaged with even deeper discounts making the potential for finding a ‘diamond in the rough’ a real possibility.
