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In every profession a select group of people emerge as leaders who set the standard for the rest. Hagen is one of those leaders with his constant drive to achieve better service and end results for his clients. With over 10 years of experience in Miami’s real estate market, Hagen first started working with the highly acclaimed real estate firm, Wimbish-Riteway, and its then nation’s top producing realtor, averaging over $50 million in sales annually. Hagen moved on to becoming general manager of the operation and overlooked the day to day operation as well as directing the staff and luxury buyer specialists. In his very first year in the business Hagen reached the Winners Circle, the top stratum of sales volume producers in his then Firm. After the sale of Wimbish, Hagen found himself yet with another Boutique style Firm, until recently, when he moved on to becoming part of the fastest growing real estate Firm in the Country, Keller Williams Realty. Within weeks of being part of this phenomenal company, Hagen became a founding member of the companies ILS (International Luxury Society). A society whose sole purpose is to list Real Estate in one Country and being able to successfully advertise and sell the same property throughout the world. A “phenomena” no other agent or company has yet been able to accomplish.
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Hagen H. Hendrix answered:
You r best bet for re-adjustment of property value is to contact an attorney who specializes in property tax adjustments. At your initial consultation, give him/her all the facts and see what they have to say. A lot of times they will charge a percentage of what they will save you, which will work in your favor. Best of luck. - Sun Jan 6 2008, 03:40
Hagen H. Hendrix answered:
Dear Maggie,
I, unfortunately, encounter this unfortunate situation almost every day, due to the nature of Real Estate I practice. You might have received an offer for “cash for keys”, in which you were offered a certain amount of money from the bank in turn to vacating the property at a specific date and in broom clean condition. Accepting this might be your best option at the moment. Try to find a new place to move to and weigh your cost vs. outcome in filing a law suite against the landlord in trying to recuperate some or all of your damages.
Once the property goes back to the bank, the bank starts eviction proceedings as soon as they find out that the property is occupied. Even if a “cash for keys” is entered into, they continue with the eviction process to cover themselves. If you decide to accept the “CFK”, leave on the specified date and leave the premises in broom clean condition, you will get paid the specified amount of money. If you decide to wait and hope, the Sheriff will, unfortunately, show up and clear out the premises.
Best of luck,
Hagen - Fri Dec 28 2007, 08:16
Hagen H. Hendrix answered:
Buyer beware! Foreclosure sales, or better yet, pre-foreclosure sales are something you need to do your homeowork on. Make sure that if the property is in foreclosure and you are trying to acquire it at the courthouse steps, that you thoroughly investigated any and all possibilities of liens, lis pendens and/or second or third (private) mortgages. If you want to find a bargain through foreclosures in Miami, wait until the bank takes the property back into their books and buy it once it is listed on the market. That means you are still getting one heck of a bargain, especially these days, and the property comes with clean title (most of the times).
By the way: $2,000 as a purchase price? I agree with Deborah; highly unlikely. Buyer beware!!! - Sun Dec 23 2007, 08:40
Hagen H. Hendrix answered:
Well, ask the realtor friend to pull up comparables to show to her. At the given time, I would suggest to buy for keep sake, not investment. Since she will be using it as a primary residence, it might be good. But again, make sure that the realtor friend pulls comparables of units that have sold in the building within the last six months. That shoudl give her a pretty good idea of the going market.
Best of luck. - Thu Oct 11 2007, 11:54
Hagen H. Hendrix answered:
I believe your friend the appraiser is on the right track, according to the Daily Business review, the Wall Street Journal and the New York Times. All three of these publications are talking about that the grunt of all this mess might finally be coming to an end by the second quarter of 2008. But you still have to keep in mind that a lot of banks are holding on to the foreclosed inventory until the market has stabilized a little, until the dump their inventory back on the market. Banks are listing some of the properties that they are taking back, but other inventory is being kept on the books for a later date. - Wed Oct 10 2007, 13:39
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