If you are in the market for buying a house, looking at a foreclosed property might be a good option. Golden Crest Realty agent Charla Howard says now is the time to be considering a foreclosed home because there are many available. Howard says when looking at properties, you should compare foreclosed and pre-owned houses in the same condition to see if the foreclosed property would be the better deal. She notes that not all foreclosed properties are in good condition and most are sold on an as-is basis. She says if you are pre-approved and have enough money for your purchase as well as be prepared to perform any maintenance, buying a foreclosed home is a better option.