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02864 : Real Estate Advice

  • All14
  • Local Info2
  • Home Buying7
  • Home Selling2
  • Market Conditions0

Activity 13
Fri May 29, 2015
Kelly Watkins answered:
Your best bet is to contact the agent that listed the home & ask for their assistance.
0 votes 1 answer Share Flag
Sun May 10, 2015
James Jodoin answered:
I would visit the Department of business regulation website for the state you intend to operate your business out of. Each state has its own regulations and license requirements. By cleanout I am assuming you mean removing unwated articles from a foreclosure in a hurry? I would take into consideration the fuel, wear and tear on the vehicle/truck, etc. ... more
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Sun May 10, 2015
James Jodoin answered:
Well they can try to charge you whatever they want, it doesn't mean you have to pay. Of course, If it involves pulling old files out of storage, hiring a courier service, making copies of said document, etc, then a small fee should be expected, especially if its a document you were already given at closing. Did they offer to let you pick up said document and deliver it yourself for a reduced document fee? ... more
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Mon Mar 2, 2015
Amanda Hannon answered:
Seems worth it but I would do your research and have a company come out to look at it and make sure it is indeed OK.
0 votes 10 answers Share Flag
Thu Jun 20, 2013
Bill Eckler answered:

It's time to put your agent to work for you. Have them advocate mentioning that your understanding based on the seller's own words was the chandelier was remaining with the home.

With foreclosures there is a multitude of items that "walk" at various times. This should not be the case however, with short sales. Generally, light fixtures stay with the property unless it is stated otherwise in writing on the listing agreement or purchase agreement. In my opinion, if the light was there when you saw the home and the seller said, "it will stay" then it should be in the home at closing.

Good luck,

... more
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Thu Dec 22, 2011
J answered:
Related to rental payments: If all is agreeable with your lender, their bank, and other involved third parties I would suggest collecting your rent payments in advance from the sellers in the form of a bank check or cashier's check. Perhaps, two month's in advance then month-to-month. The sellers are obviously well behind on their mortgage payments so they will have the money. If the deal falls through you simply reimburse the sellers back their money. Of course, a good real estate attorney will be needed to ensure proper documentation of the situation.

It would not be wise to agree to rental payments without advance compensation especially to sellers in pre-foreclosure. Take care of you and your family first and foremost. Good luck to you!
... more
0 votes 15 answers Share Flag
Thu Dec 22, 2011
Marie Souza Team answered:
Ask a real estate attorney to make sure you are covered.
0 votes 7 answers Share Flag
Tue Dec 20, 2011
Don Tepper answered:
I've got good news and bad news.

Bad news: Most short sales are uncertain and unpredictable. Even if it's a reasonable price, as you note, "anything is possible."

Good news: From what's posted, $209,900 could be a reasonable price. That's not just based on the so-called comps and apparent trends . . . which may or may not be accurate. Rather, that it was priced at $224,900 on October 26 and apparently got little or no interest so it was reduced to $209,900 on December 1. That's a good factor to suggest that the market value is probably a lot closer to $209,900 than to $224,900 . . . and it could be lower than that. It helps to establish that history--that it was for sale at a higher price, it didn't sell, and so the price was lowered. So if you offered $209,900, it'd be difficult for the lender to come to the conclusion that it's worth much more than that.

On the other hand, you say "I don't want to go in too low." That implies you're thinking of a lower offer. Now, that's OK--you can offer whatever you want. But don't assume that $209,900 is overpriced or that the real value is, say, $185,000. There's no way to tell that.

As Terry and Anna suggest, get your own agent. (Not the listing agent.) Have your agent run the comps. That'll tell you about how much the property is worth. And remember: the lender has access to the same comps. So you'd be safer offering something close to (slightly under) the comps. The lower you go, the riskier it gets.

Hope that helps.
... more
0 votes 4 answers Share Flag
Mon Sep 19, 2011
David, Kathy has a bankruptcy, not foreclosure.
0 votes 7 answers Share Flag
Wed Aug 11, 2010
Gina Marie Mohamed answered:
Hello and thank you for your question. It all depends on what your goals are. You would have to pay a commission the average commission is 6%(but this can be negotiated) and possibly listing at $180,000 that commission would be at $10,860 and you say you owe 172,000. Plus city stamps around 600 at a minimum.

This is what you are looking at for figures.
you owe 172,000
commissions 10,860
city stamps 600
Total will be 183,460 give or take a few dollars.

So if you are looking to get rid of your property then you would have to come up with a few dollars to complete your goal. It really depends on you and why you are looking to sell. Feel free to give me a call any time.
... more
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Fri Jul 13, 2007
Fooks Team answered:
There is a 2/3 bedroom condo on the market now for $229,900. We are having an open house this sunday 7/15/2007 from 12-2. Come and see!
0 votes 1 answer Share Flag
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