How To... in Irwindale>Question Details

Alarcon Samu…, Both Buyer and Seller in Irwindale, CA

I THOUGHT TAX FORECLOSURES WERE CHEAP ALSO SOME ADVICE ON HOW TO GET THIS CAREER STARTED

Asked by Alarcon Samuel, Irwindale, CA Tue Sep 23, 2008

Help the community by answering this question:

Answers

2
BEST ANSWER
First, there is no need to type in ALL CAPS. 2nd, what you "think" is a personal opinion and not an actual fact, 3rd, are you looking for a carrer in real estate to sell or are you more of an admin type of person?

There are numerous schools online and offline that can help you get started. Do a look up on the internet.

As a realtor, its your job to scour information and dig dig dig.
0 votes Thank Flag Link Tue Sep 23, 2008
Tax foreclosure properties have traditionally been less expensive than other properties but in the volatile market conditions currently, there are sometimes other homes that are priced lower for the value received. However, tax foreclosures are usually sold at auction, so the bidding will determine the actual sale price, not the "asking" price.

If you are actually referring to bank foreclosures rather than tax foreclosures, then the mortgage holder usually sets an asking price for 45 to 60 days and if they receive no offers will usually lower the price and hold it there for another 45 to 60 days. Hope this brief explanation was helpful.

Whoever the "seller" might be, they want to generate the best possible sale price, and the buyer wants to buy at the lowest possible price. The sale price is the price point at which the seller and buyer agree to sell and buy - a meeting of the minds.
0 votes Thank Flag Link Tue Sep 23, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer