Property Q&A in Newark>Question Details

rjsssingh, Home Buyer in Newark, CA

can we make an offer in this house?

Asked by rjsssingh, Newark, CA Sun Jun 10, 2012

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This question is about this property: http://www.trulia.com/foreclosure/3082410669--Marne-Pl-Newar…

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Answers

3
What you have seen on Trulia is a notice of default or foreclosure posted by Realty Trac which is a reporting service. Realty Trac takes information from public records and provides it by subscription to its members who have registered and agreed to pay a fee for the information. What you see on Trulia is an abbreviated report from Realty Trac in order to entice you to sign up for their service.

It is unlikely that you will be able to buy this house for the price posted on Trulia. That is the amount of a default and has no relationship to the value of the property. The house may be offered for sale at a later date but it will most likely be listed with a Realtor and priced at a price that reflects the market price for the area.

If you are serious about buying a house, you need to align yourself with a full-time, experienced local Realtor who can help you to find the house that meets your needs. Your Realtor can help you to learn about the current market conditions, realistic house prices, loan qualifications, negotiating strategy, escrow management, inspections and everything else that goes into the purchase of a home.
0 votes Thank Flag Link Thu Jun 14, 2012
rjsssingh:

RealtyTrac is not a "distressed property MLS", they are simply using Trulia to take public record notices and syndicate the information to the web. Very few RealtyTrac listings are actually for sale: http://docs.Steven-Anthony.com/RealtyTrac30.pdf

Most distressed property is sold via Realtor® websites!

See:

MLS Data Accuracy – Where to search if you’re “without Realtor®”
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/…

You can get REAL 100% distressed property listings from a Realtor® for free; however, you would be making a mistake if you did not also look at non-distressed property as well.

I always suggest a custom automated MLS search agent be set-up to make sure you are seeing property that is actually for sale. Interested?

-Steve
0 votes Thank Flag Link Sun Jun 10, 2012
Hi Which home? There is no address just a picture of a street?.....Dawn

If your looking for a home, and DO NOT already have a realtor, I can help you...feel free to call 510-909-0373
Web Reference: http://DawnRivera4Homes.com
0 votes Thank Flag Link Sun Jun 10, 2012
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