5 tips for buying a foreclosed home in Highlands Ranch

Buying a foreclosed home is a little different from buying a typical resale.

In many cases, only one real estate agent is involved.
The seller wants a preapproval letter from a lender before accepting an offer.
There often is little, if any, room for negotiation.
The home comes as is, and it's up to the buyer to pay for repairs.
On the upside, most bank-owned homes are vacant, which can speed up the process of moving in.

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