Brett Mcneel, Home Buyer in New York, NY

what can i do to put an offer on this house?

Asked by Brett Mcneel, New York, NY Sun Dec 2, 2012

This question was asked from this property:…

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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 Fri Dec 7, 2012
This house is scheduled for public auction. It will most likely be in Corona. Properties purchased at the public auction are cash only. you also inherit any liens or encomberences on the title. You have a lot of homework to do before you should attempt to purchase at public auction. It is not recommended for first timers without working with an experienced realtor or investor to help. if you like I can send you a paper I wrote on the dynamics of purchasing at the public auction. Contact me at my website below and I will email it to you.
0 votes Thank Flag Link Sun Dec 2, 2012
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