Differences Between Foreclosures vs Retail
Many new investors have a hard time trying to figure out what the difference between a foreclosure and a retail home. I hope to clear up some of the confusion. There are many factors that will prove to show what the difference is, here are a few main ones: Foreclosures can be purchased at a steep discount, Retail is closer to full market value. Foreclosures usually need repairs, Retail is usually move in ready. Financing a foreclosure is more difficult than a retail home. Foreclosures provide more equity than retail. These are some main points to consider. I know there are more that can be added to this list but I wanted to get the point across. You as a brand new investor need to understand that the investing world is different that the retail world. Do your homework and you will soon start to change the way you think.
