Property Q&A in Queens>Question Details

Audrey Epste…, Home Buyer in New York, NY

Is it a short sale, I am looking for something in the 330K range. Thanks, Audrey 917-957-9763

Asked by Audrey Epstein, New York, NY Sat Jan 31, 2009

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are you interested in foreclosures? if so send me an email. i was just out saturday showing foreclosures in queen village and springfield gardens. there is a fair amount of opportunity

also keep in mind that shortsales are not guaranteed unless they are already approved by the bank, if they are not approved you could be tied up for a few months in contract to then be denied. REO's are already owned by the bank and are ready to be sold.

the last thing to remember is that REO's tend to need work, the amount of work varies from home to home. i am a licensed contractor in NYC and Nassau. i can give you a price on the spot for the work that you would need as well as an informal building inspection while we are there.

0 votes Thank Flag Link Sun Feb 1, 2009
Audrey: That does not appear to be a short sale. There is nothing on the listing (on my site) or on the public records that indicate that. If you're in the market to purchase, in today's market more than ever, you should consider working with a buyer's representative (like me) that FOR you rather than merely WITH you. Most agents are acting in the capacity as a broker or seller's agent. That means they are working for the seller and not you and cannot assist you to get the price possible on a home. You're already paying a commission that comes out of the sales price, so you may as well as get something for that money. I have your number and call you later today. If you'd like to speak with me sooner, please feel free to call my office.

Ralph Windschuh
Certified Buyer Representative
Associate Broker
Century 21 Princeton Properties
0 votes Thank Flag Link Sun Feb 1, 2009
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