Buyers pay attention to the property condition. Distressed properties are often in need of repair, so buyers should be prepared to spend money on repairs.
Do your research. Before you make an offer on a distressed property, be sure to do your research and understand the risks involved. This includes learning about the property’s condition, location, history, and financing.
Be patient. The buying process for a distressed property can take longer than a traditional home sale. Be patient and don’t rush into anything.
Work with a real estate agent who understands distressed properties. A good agent can help you find the right property and negotiate the best price