Hello there. I would say. Its best to have a pre-approval letter prior to negotiations with the home owner or his lender. Here at http://www.westtownsavingsbank.com we offer a real-time pre-approvals using fannie-mae DU/DesktopUnderwriter along with the approval letter. Banks prefer this best.
yes I agree, the average has gotten better over the years as lenders, investors and negotiators have learned ways to streamline the short sale process... (some people joke that there is nothing short about a short sale HAHA)
I All the best,
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It all depends on what you're picky about. If you want things like big closets, garages & space building new or looking at new homes in the area might be the best bet. If you concerns are location, then you might need to compromise and look at existing homes, because the best areas are going to have few new construction opportunities. Then again, the big variable is your budget. Sorry, I couldn't be more definitive.... more
I understand your frustration. I have successfully negotiated short sales since 2005, when no one has even heard of them. I have represented sellers and buyers in different transactions...so I know both sides.
No two transactions are the same, and no two banks are the same either. In each transaction I had to be EXTREMELY tenatious, patient and do alot of digging/research on everyone's motivations...in order to play the cards right...information is power.
I'd be happy to help you win this one if you do not currently have exclusive representation with another Realtor.
(813) 802-8440... more
You probably should order an appraisal and termite inspection. Also, if your inspector wasn't able to determine the root clause for the flooding, then you probably should have at least 3 GCs walk through that basement and give you an estimate on how much it will cost to make the necessary repairs. Afterwards, you should go back to the seller, and counter with a lower price based upon the results of the appraisal, inspections, and GC estimates.... more
I think everyone is giving you really sound advice. If I may expand on the answer, you may want to try Florida Legal Services, found usually in the very front of the phone book. It is a free legal service, and may be a great place to start asking the questions.
The service is typically run by local area attorneys, who are donating the service for community service hours. You will get a great start to finding a solution, and who knows, you may just encounter a great counselor in the process!
"Uncompromising Excellence in Real Estate Service"
Keller Williams South Tampa
(813) 875-3700 ext 288... more