Nathan,

Short Sales and Foreclosures are totally different. In a short sale the price has not been approved by the bank and many times the final price might be a lot higher, depending on the bidds and counter offer from the bank. All this is after many months of waiting in most times.

In foreclosures the price has been approved by the bank. In some instances if they receive more than one offer at the same time there might be some bidding, hence the final price might be higher than listing - but that is fairly uncommon. The banks are usually agressive when listing their properties, but with the right data on hand we are usually able to negotiate it down from the listing price. This one have been in the market for only 12 days, which put us at negotiation disadvantage - I will have to do some research but with the right data we should be able to negotiate the price down - we usually do!!!

I'll be expecting your call. Thanks...

602-512-5825

Thanks for the quick reply Carlos. I will definitely be in touch with you this coming week. How much wiggle room is there with foreclosures? Ive heard Short sales are a lot tougher to get low offers accepted while foreclosures in some cases the bank is willing to unload it quickly

Nathan,

I know very well the subdivision and the property you are talking about. On that one the tracks are right behind the yard, and the "buffer zone", which is mostly your own yard is not big.

One one hand that is a new construction custom home, with very good insulation. I am sure they took into consideration the noise when designing and building the house. But some noise will still get into the property. The best thing you can do is to visit the property at a time when the train is passing by and see it for yourself.

The property is a great deal, but you need to consider all factors.

Give me a call and I will arrange to get you in the house at a time the train is passing so you can determine the situation for yourself.

Hi Carlos

The property is a foreclosed property in Arlington Estates. Its a huge 1.25 acre lot except the backyard borders the railroad. I wasn't sure how bad it would get.

Thanks
Nathan

Nathan,

If you are talking about Summerfield Place it might (or might not) be an issue. I have worked in there in the past and it has been an issue for some of my clients. It will depend on how sensible you are, the property's location and several other factors. When working an offer there is a document that your agent needs to request from the seller where they need to disclose any potential issue (including railroad noises and proximities), in addition to that he can get some other information for you.

Please let me know if you will need more information.

Good luck!!!