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How to Make a Bargain Home Purchase through Columbus Foreclosures?

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By : Fiona Livnat    99 or more times read
When it comes to locating properties at good bargain deals, some of the most lucrative houses can be found through Columbus foreclosures. So if you are a homebuyer on the lookout for an affordable property situated in a good locality you can find some of the best deals through foreclosed homes.

Why to Purchase a house in Columbus?

The capital and largest city of Ohio State, Columbus offers its residents several unique benefits some of which are listed below:

  • Homebuyers’ Assistance schemes – The Ohio Housing and Development Authority has several assistance programs like tax credit abatement and down payment assistance for buyers interested in foreclosed homes.

  • Prime location – One of the best benefits of residing in this region through Columbus foreclosures is its proximity to major American cities like Detroit, Indianapolis, Louisville, Cleveland and several others.

  • Efficient waste management – Due to the very efficient waste management work by the city’s Solid Waste Authority (SWA), the area is one of the cleanest in the country.

  • Wide recreational options – The city provides its residents a wide range of recreational options with various attractions like the Wild Animal Safari, Callaway gardens, Pine Mountain, Jimmy Carter National Historic Site and the Roosevelt State Park.

How to buy a property through Columbus Foreclosures?

The following set of guidelines will be useful in purchasing a suitable property through Columbus foreclosures successfully:

  1. Pre–decide your housing needs – Begin by getting a clear idea of the budget as well as your specific housing requirements in order to identify the most suitable properties.

  2. Learn about foreclosure laws – Familiarize yourself with the foreclosure laws in Ohio State by consulting a lawyer as well as visiting the local county office.

  3. Register with an online listing service – Find a genuine online listing service and specify your requirements and price range in order to get the latest updates on Columbus foreclosures.

  4. Compare suitable properties – keep a track of suitable properties and compare their asking prices with their features to select the best bargain deal.

  5. Assess house value – Once you have finalized the property, asses the value of the house by finding out the selling prices of comparable properties in the same neighborhood.

  6. Bargain for a better deal – Finally negotiate with the sellers for a better bargain deal by asking for lower closing costs as well as a smaller down payment.

With a wide range of residential benefits being offered on properties at highly affordable bargain deals, investing in Columbus foreclosures is a very profitable real estate venture on the whole.
Fiona Livnat is an author with expertise in real estate foreclosures. She has over ten years of experience in writing about foreclosures.Her commitment to help people is reflected in her writing.

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