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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

They have access to MLS listings and can advise you on how to approach the auction — and this includes knowing what amount to spend. For someone who has never done [an auction] before, just handing out $100,000 or $200,000 of their money, and they don’t know what they’re getting — it’s pretty scary,” says Durham.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Donate recommends a hard money loan as the top financing strategy for flippers. Find a Buyer's Agent What is house flipping? Be patient! “I

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Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Work with your real estate agent to evaluate rental listings and tap into the MLS. Find a Buyer's Agent What is house flipping?

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Work with your real estate agent to evaluate rental listings and tap into the MLS. Find a Buyer's Agent What is house flipping?

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Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Work with your real estate agent to evaluate rental listings and tap into the MLS. Find a Buyer's Agent What is house flipping?

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Flipping Houses in Florida: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Find a Buyer's Agent What is house flipping? House flippers buy homes, hold them for a couple of months, and then sell them for a profit (that’s the flip part).