Matt Hermes

I'm a:	Real Estate Professional
Company:	Keller Williams
Location:	Georgia Duluth
Web sites:	Looking For A Home In Georgia
	http://matthermescom.yourkwagent.com/
Phone:	770-904-6373

18 Answers
7 First Answers
3 Useful Answers

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Diamond Dwellings Realty

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Matt Hermes's Questions (0)

Matt Hermes's Answers (18)

I am looking to purchase a foreclosed property, agent only accepting offers above asking price

Asked Wed Jul 30 2008, 06:58 by Dario - 30022 - Home Buying - 12 answers

Matt Hermes answered:

Dario,

Simple answer:
1. Get a loan approval letter.
2. If you have not hired a real estate agent with foreclosure experience find one.
3. Go with the agent to the property.
4. Get your agent to provide comparable sales data on the area you are interested in.
5. Make an offer. Offer what you want, do not listen to what the listing agent states. He/she is working for the seller and is working on their behalf but must present any and all offers.

Good luck. - Tue Aug 19 2008, 06:39

how to find price of recently homes sold in my area?

Asked Tue Aug 19 2008, 05:09 by Betty Kidwill - 30078 - General Area - 5 answers

Matt Hermes answered:

Betty,

You can get a Competitive Market Analysis (CMA) from most real estate agents on this site or someone in your local community. Simply ask.

Let them know what you are trying to accomplish, your address and they should be able to provide this useful information to you in no time. - Tue Aug 19 2008, 06:32

Hi. My wife and I are working with a realtor and she said that townhomes aren't a good buy now. Is this true?

Asked Tue Aug 19 2008, 05:49 by Jamal Liverp… - Lawrenceville - Home Buying - 8 answers

Matt Hermes answered:

Jamal,

Good question and one that can be very easy or difficult to answer without more information.

They say that it is not what you sell something for it is what you buy it for that makes a good or bad deal.

In this market, townhomes have struggled vs. single family homes, however with that being said, certain area of Georgia have very good resale values of townhomes. Traditionally it takes townhomes longer to sell than single family homes and the rate of appreciation is less with townhomes.

Your agent is more than likely looking out for your best interests but if a townhome is what you want then make sure that you find the best deal available in the area you are looking in. Make sure you get a competitive market analysis done on the neighborhood and any other similar properties within a mile or so of your desired location to make a competitive initial offer.

Good luck. - Tue Aug 19 2008, 06:26

where can I get listings for goverment tax foreclosures?

Asked Mon Aug 4 2008, 10:38 by Joan Doyle - 30060 - Home Buying - 4 answers

Matt Hermes answered:

Joan,

Bid Select is one option for you, but you can also search http://www.hud.gov for HUD, VA, IRS and other foreclosed, seized properties.

Hope this helps. If you need additional information please feel free to contact me. - Thu Aug 14 2008, 07:34

Is it safe to buy a FSBO home, when the home owner is a broker with an active real estate license?

Asked Thu Aug 14 2008, 07:21 by dan.gibson.d… - All locations - Home Buying - 5 answers

Matt Hermes answered:

I would say yes, but... I would make sure that you find an agent to work for your best interests and represent you in the transaction. I would strongly suggest not trying to do it yourself unless you have gone this route before.

If the FSBO is not willing to pay a commission to a co-op agent working for you I would not look further into the purchase. - Thu Aug 14 2008, 07:23

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