I think we agents have done all we can, and answered many questions. Now it's time for Cindy to take the next step on her own, get a prequalification letter from a bank, then find an agent, sit down with them face to face, and get any other concerns addressed.
so you are saying you are given a home to sell for homesteps. and you appraise it and decide the price to list it at? and you handle the preservation of the property. what does that mean?
are you saying they may make some repairs before listing it or never any repairs?
is it possible to see a homestep home before it goes on the market? is it true they wait several days before looking at any offers?
who decides whether to accept an offer or not? who do you work with at homesteps? they are out of state aren't they?
do you offer the price at the foreclosure price or different?
They are the worst no origination lack of communications contractors do half ass work and are slower than molasses up hill in January. We have been trying to purchase a home since the beginning of march settlement was to be in 45 days do the math buy a home that is listed by the owner and save yourself a lot of head aches.
The funny part of the situation the listing said JUST REDONE heating pipes broken in wall I guess if you slap a cheap coat of paint on the walls it is considered just redone
They put new flooring on the kitchen floor the ends are not covered at any doorway and are uneven the center of the floor is blistering PORE CRAFTSMANSHIP must have been clearance materials
They must have gotten a truck load of ceiling fans at a discount every room had one and the one was not hooked up correctly good thing the home inspection uncovered it nothing like buying a home that could burn down after you just move in.
If you don't get so pissed off you walk away first!!!!!! Not telling you what to do just saying I will never ever again
Thanks - Don French
I love seeing agents helping consumers and encourage everyone to be thoughtful in your responses to each other here on Voices. Sure, things can get heated from time to time and words, tone and intentions can be misinterpreted but at the end of the day, I do think we all are here to help each other. So I'd love to see us all do our best remain helpful and positive.
Consumers like Cindy may had had a bad experience or two with an agent. So I think agents on Voices have a perfect opportunity to show her and other consumers that you are professionals who are here to help and who genuinely care about your customers and clients.
That being said, I wish Cindy the best of luck and thank all the agents here for taking the time to share your expertise, knowledge and opinions.
Social Media Guru at Trulia
Please seek out an exclusive buyers agent in your area that can assist you with any foreclosures, short sales, freddie mac, VA and HUD homes. We all have access to the same information. Why would you pay the listing agent double commission when they represent the seller? You are not gaining any value for the commission that you will eventually pay when you do buy a home by dealing with the listing agent. Ohio law states that a dual agent has to remain neutral. No information can be disclosed that would put either at an advantage over the other unless authorized by the parties involved.
I think you will find that if you commit to one agent that he/she will have your best interests in mind and will earn every penny of their 3% commission.
Best of luck to you. Foreclosures are a tough market and you will not be successful in the good ones unless you act quickly. Very quickly!
I WASN'T YELLING AT YOU OR ANYBODY ELSE.
AND I SAID A CROOKED REALTOR NOT REALTORS. I WAS SPEAKING OF THIS ONE THAT ACCORDING TO YOU GUYS IS NOT DOING WHAT HE IS SUPPOSE TO BE DOING.
I DID NOT LUMP THE REST OF YOU INTO THE SAME BOAT AS HIM AT ALL!!!!
IF HE IS NOT ALLOWED TO BE DOING THIS, THEN WHY WOULD I WANT TO REWARD HIM WITH A DOUBLE SALE?
Cindy, you need to hire your own agent. You aren't going to be able to get all your answers quickly enough here. By this time you could have made an offer and waited the 6 days.
or is this the broker trying to get the highest price and the highest commission??????????
If you are interested in a Homestep home, they have a great program that ends the end of this month on a home that closes by March 14th.
This is called the "ASK YOUR AGENT" program. With this incentive, any Freddie-Mac owned home, you can receive 3-1/2% of the purchase price to be applied against your closing costs. There are no strings attached!.
Call me at 440-487-2193 or e-mail me at email@example.com. My broker is a HUD approved browker. I would be able to show you the home, assist you in developing a fair market value, submitting your offer and representing YOUR interest.
Look forward to working for you.
Keller Williams Realty Greater Cleveland
i thought homesteps was freddie mac. if somebody had a freddie mac loan thru their bank, then the bank had to give the house over to freddie mac. and if the bank put the house deed in the name of freddie mac then why would the bank have the final say???
is it true that they will not look at the first offer, but wait a few days till they have more offers to look at one?
do you work in the akron market or is that too far away?
and if i would write an offfer with the listing agent, then can he still take other offers and write them up when he is representing me?
I am from Norwalk, OHIO.
Homesteps is the asset management company for certain banks. They are like the "middleman/woman." When an offer is received the listing agent enters the offer into the computer on the Homesteps website. YOU DO NOT HAVE TO USE THE LISTING AGENT TO SUBMIT AN OFFER ON A HOMESTEPS HOME!! Any real estate can write the offer. There are representatives at Homesteps that handle all the Homesteps homes within assigned territories throughout the US. When an offer is submitted the representative at Homesteps has the authority to counter the offer but they do not have the authority to give the final acceptance. That is up to the bank. I do not show any Homestep homes until they are actually on the market.
As with all bank owned properties it may take a couple of extra days for the final acceptance, but I have found Homesteps to be one of the easiest to work with. The homes they have are in fairly decent shape and they make every effort to maintain the properties.
As far as an offer price it is no different that writing an offer on a property that is not bank owned. You can have the opportunity to negotiate unless it is a multiple offer situation in which case you must submit your highest and best offer because you only get one chance to be the buyer that they choose to work with. You will need to sign a multiple offer form saying that you acknowledge that your offer is not the only offer they are looking at.
I think I answered all your questions.
what if he writes up an offer for me. then lets say the next day someone else calls him to see it and make an offer. can he write up their offer too even tho he is representing me?
if they are foreclosures they don't go in and fix them up do they?
do they make all their houses with the same key like hud does?
what kind of deal will they usually give? do they answer right away?
is it true they won't take the first offer, but wait several days before they look at any offers?