$500 Homes For Sale In Detroit, What You Need To Know

There is a very small chance for quick turnarounds.

The fact is that you can’t expect the property to be made livable in a short span of time.  If you are new to purchasing auctioned homes, expect a whole lot of time spent in renovating it before it actually becomes livable.  There needs to be real follow-through, and that means taking anywhere from several months to even up to two years.

Vacant homes don’t always mean you can move in immediately.

Considering that a lot of the homes which had been foreclosed are in bad shape, this makes them less than desirable living spaces.  You will find doors missing, windows broken, many utilities being non-functional and the like.  You’d have to spend some money first for necessary repairs and hiring services to address those concerns.