You need to speak with a mortgage specialist to see exactly what can be done for you. The worst that can happen is they tell you what you need to do to qualify for a loan. Feel free to call/email me and I will be happy to refer a few to you.... more
The main thing to understand about homes that you see listed in various places as pre-foreclosure is that the vast majority will never get to foreclosure. You would probably be better served contacting a buyer's agent and giving them your criteria, let the professionals do the leg work for you so that you will be able to decide between homes that are actually for sale. The buyer's agent should be fully compensated by the seller so that it costs you nothing to have an expert working for you, what's better than that?
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
#1 Listing & Selling Brokerage in NY
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803... more
If any builder/seller has an exclusive right to sell agreement with a realtor, the commission is probably contractually pre-determined. If the builder has an "agency" agreement, they may have retained the ability to sell on their own without paying a commission or paying a reduced commission if the realtor did not bring the buyer. If you have not already made an offer on the property, you may want to consider hiring a buyer's agent to work on your behalf. A good buyer's rep (like myself) will help you determine whether the price on the property is fair and a strategy to get what you want at a price you're comfortable with. If you were going to court, you'd hire a lawyer; if you were sick, you'd go to the doctor. You're buying a house - one of the largest investments of your life. Hire a professional. Good luck.
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
If you have met with the agent and the builder you will know what is included in the sale and what items might be upgrades. If the house is completed with interior finishes and appliances and the exterior landscaping has been installed you should offer the builder a respectable bid. Most new construction offerings sell near the list price when compared to existing homes. Most existing homes have appreciation from the time they were built and the current market values. With new construction offerings you do not have the appreciation to negotiate into the transaction with the seller. Do your legwork and find out what is included and what the recent comparable homes offered by this builder have sold for and base your offer on this factual information. Remember on New Construction you are getting better heating and cooling performance when compared to older homes.... more