NEW-1st buy Foreclosure?

[Naveed Nabavinejad]

Hello,

New to the site and fairly new to real estate. I live in WA and am looking to invest in a home. I found a nice home in Everett, WA but it is a foreclosure.

A coupe questions:

As a first buy should I buy a foreclosed home? I'd be buying it as is so it could be a mess. I do expect and do want to rehab the house (there is an unfinished basement too).

2nd, how does buying foreclosed homes work? Aren't those typically bid up up and beyond the listed price?

Thank you for all your great advice!