You're just a girl? LOL A girl with $70K to spend/invest tells me you're not JUST a girl. :)
A Buyer's Agent is typically compensated by the seller's broker, but represents your interests exclusively. Costs you nothing out of pocket, and yet you have somebody in your corner, all the way from searching to contracting to escrow & closing. I wouldn't want to waste your time, or mine, so if you decide you want to seriously consider buying another house with your money, and if you'd like me to program a customized MLS search for you, just let me know. Email me directly, and we'll get the ball rolling for you to see exactly what's out there in your price range, single family homes, condos and/or townhomes.
Otherwise, best of luck in your decision! It's been fun!!
nice to meet u guys
i d pay cash vs OPM bcs i have another mortgage and just gives me the shivers to think dealin w banks again... i hate the whole process. right now people dont know really where to put their money so buyin a low price property to maybe rent out seems like a good thing to do.
my first house was sold by owner so i have never dealt w agents.
i hate paying interests!! thats why w the cash means comin out clean.
i like that lakewood area and those nice condos are real cute at 65/70k.
but also a 3 brm for 50k is interesting.. but what do i know...im just a girl,,,i might just dump all the money into my current mortgage so i ll lower my payments.. sigh!
So is that a 1 or an I ? Or is like talking to me, myself and I? ;-)
I'm with you - that trustee's sale could end up being a real freak show! And for those naive, unsuspecting souls who think they're gonna pick up a $150K house for $11K, can you just imagine the looks on their faces? LOL
It's just my opinion, but I have found absolutely no value whatsoever in RealtyTrac. They're confused many more of my clients than they've ever helped. You're free to subscribe, if you want, but they are NOT a good, reliable source of information on REAL houses that are currently on the market.
Stew and I disagree about short sales. I think they should be avoided like the plague. Yes, I've done them. And yes, I've been successful at them. But it's a minimal success level, and so very much depends on the strength, experience and work ethic of the seller's agent. As a buyer a(and buyer's agent/broker), you're almost totally in the dark. Ever play "blind man's bluff" as a kid? That's what trying to buy a short sale property is like, to me anyway. They're also extremely time consuming, frustrating and lengthy, with only about 10% of them ever making it to closing.
On a more positive note, I'm working with a client right now who's in the market for a 3-bedroom single family detached house in the $50K-$60K range, in Phoenix. Believe you me, there is actually a nice selection! I'm not sure why you wanna pay cash, but if you do, then so be it. So if you're interested in my setting up a REAL search for you, and making ALL of the available properties available to you that meet or exceed your criteria, just let me know. You can find all of my contact points by following the link below.
Thanks, I! Looking forward to hearing from you again. :)
Short sales can be bought, don't be fooled. They take time and patience. The key for SS is to get the letter of approval from the bank.
Realty track info is sometimes timeline accurate and sometimes not. You have about a 70/30 chance.
This property should be fairly simple to find but most Realtors here aren't going to give up that information for free because access to the data and the resources necessary cost money and time.
You easiest advantage is to use a Realtor. If you prefer digging around "hit and miss shot in the dark style" then that's a choice you will have to make.
If you are a 1st time home buyer with a wad of cash your simply out of your mind to do this on your own. It's like taking a knife to a gun fight.
Also, paying cash? Not financing? I think there's more to your story then your letting on I Aye.
Again, not using professionals who know and can explain why you should be financing your purchase and leveraging your cash leaves you completely blind of true financial prosperity.
Using other peoples money is what has made millionaires in hard times like this.
Good Luck To You, I Aye... and watch out for da Charks...AARRRGGGG
a home that location and size going for 11,500 is the funniest joke...
i would think it would go up to at least 150k...
even if pipeless carpetless and toiletless would still be a screamin price.
so i take it like this realty track is something to avoid gettin involved with?
would be real fun i think to show up at that auction 2 C what would go on and all the craziness.
i just wanna buy something but i only have like 70k and i dont want to get financed so i want to pay cash these condos in lakewood parkway look nice but being short sales they re probably a pain to deal with, too..
The property is in pre-foreclosure, and unless/until it is placed on the market before then, there would be no way to take a look at it before the trustee's sale in March. That's the normally the way it is if you plan on bidding on the property at the trustee's sale ~ rarely do you get to inspect the property beforehand.
Also, my guess would be that given the area of this house, it will most likely not go for $11K. If you are not working with a Buyer's Agent Realtor who can run the comps, do some research for you, and otherwise consult and assist you thru the process, you'll find that buying property that way is like dog paddling thru shark-infested waters with a dead, bleeding fish tied around your neck.
Let me know if I can help in any way.