How to Find Distressed Properties

Distressed properties are homes whose owners cannot maintain them. These properties are rarely move-in ready, and would require an amount of time and cost for renovation. One way to find distressed properties is to choose a target neighborhood. Try contacting a REALTOR® directly and ask them why the owner is selling. If the owner is struggling or the home is need of repairs, it’s likely a distressed property. And if you’re willing handle the repairs, these homes are often sold at below-market rates. But before deciding any further, be on the lookout for some telltale signs:

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