The best method is to always work with the right Realtor who understands the market and the return on investment. Please call me if you would like this assistance. I've worked with many investors for the past thirteen years in the Miami Dade market. From HUD, REO properties to new condo construction or commercial apartments. It all depends on the need of the customer and what they are looking for to grow their personal real estate portfolio.
You can reach me at: Jmay@Metro1Properties.com or visit www.JennyMayProperties.com
Jenny Arias May... more
Good Afternoon Mike;
Basically the owner of the property is selling the property in it's current condition. You are entitled to an inspection of the property; but you as the buyer would be responsible for any of the repairs. In the event you are not satisfied with the results of the inspection you could cancel the contract and move on.... more
Unless you submitted an offer higher than the bank's asking price it may be a mistake to believe they will no follow up with a counter offer. When we work with buyers of foreclosed property, we understand the importance of keeping the customer informed and aware of all possibilities.
Thus, wouldn't it be nice if the bank didn't counter.......but our recommendation is to plan on the worse case scenario and be prepared to present another number.
It depends on your contract and contingency periods, and at what point you're at in your timeline. If you are working with a buyers agent, they would be the person you should ask about this.
But if you truly love the home, also make sure you look at the comps closely. Go over the comps with your Realtor too. Are you sure you're not just seeing some outlying exceptions showing the market "going down" - do you know the conditions and specifics of those properties? While it does sound like you're waiting a long time, I'm wondering how long exactly to see any remarkable difference in the market.
It is common for banks to be taking longer with loans now too... so do realize this isn't unusual.
Keller Williams Realty... more
I would do a price comparison with other inspectors in your area. That seems pretty high for an inspection. See how it compares to what other inspectors charge. Also, see what this inspector offers compared to what other inspectors will do. And, see if this inspector includes other tests or services that would usually be an additional cost.... more
Banks try to pay a lower commission because they are losing money. Unless you have a signed buyers agreement with your agent you are not required to pay the balance.
Your agent would like to make a full commission, as would I, but sometimes it doesn't work out that way. Simply tell your agent that you have no obligation to make up any differences.
The Herman Group Real Estate
Take a look at Cape Coral, FL!! We have huge deals and many miles of Gulf access canals. We are well sought after by vacationers and that key point drives our market. I think worth looking into by any investor! I would be happy to answer any questions on the area or help in anyway!
search Cape Coral mls www.nancyd.listingbook.com