cien337, Home Buyer in Alexandria County, VA

I would like to see this property.

Asked by cien337, Alexandria County, VA Sat Jan 5, 2013

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This question was asked from this property: http://www.trulia.com/foreclosure/3100821189--Creekside-Ct-H…

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Guess what … if the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?
http://bit.ly/p11iq

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths
http://bit.ly/4PKTHT

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
0 votes Thank Flag Link Sat Jan 5, 2013
I hope that you are not planning to travel from Alexandria, VA. to see this property. It would be a long trip for nothing. It is not on the market. It has been taken over by the bank in a foreclosure and will very likely be put on the market at a future date.

There are other similar properties that have been recently put up for sale in that complex. At this time, nothing is available on Creekside Ct.

What you linked to is a posting by RealtyTrac which is a company that provides information about legal actions in regard to real estate. It is not a real estate company. It does not sell houses. That posting is not a listing of a house that is for sale.

If you are looking for a property in Hayward or the surrounding area you should engage a local Realtor to help you. Your Realtor can provide timely information to you of properties that are for sale that meet your criteria.

Be ready! This is a very vast moving market. Well priced properties sell very quickly – many with multiple offers at surprisingly high prices.
0 votes Thank Flag Link Sat Jan 5, 2013
There isn't one for sale at that location at this time.

However, please note:
This property was just foreclosed.
Eventually, the bank will assign this to a realtor who will list it for sale
If you aren't working with a realtor yet, you should.
Your realtor can set it up so that you are alerted automatically when a property meeting your criteria becomes available for sale

Finally....wanting to see a property may not be sufficient enough reason for a realtor to show this to you.

First order of business, if you're not buying in cash, are you already preapproved for a loan, and do you know how much you can afford? If not, that's the first step you should take -- talk with a lender and be preapproved.

Then the next question is -- what kind of loan do you qualify for? If you are getting an FHA loan, note that many condo properties are not FHA-approved.

Are you going for owner-occupancy or for investment? Many condos also have limitations as to how many units should be owner-occupied, and how many can be rented out.

Good luck.
0 votes Thank Flag Link Sat Jan 5, 2013
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