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Foreclosure in Coral Gables : Real Estate Advice

  • All166
  • Local Info7
  • Home Buying31
  • Home Selling4
  • Market Conditions7

Activity 15
Javier Olmedo, Real Estate Pro in Miami, FL
Sat Aug 23, 2014
Javier Olmedo answered:
Let me know what house you are referring to and I can find out for you.

Thanks,

Javier Olmedo
Keller Williams Realty
0 votes 3 answers Share Flag
Javier Olmedo, Real Estate Pro in Miami, FL
Sat Aug 23, 2014
Javier Olmedo answered:
Let me know how I may be of assistance. There aren't many left in Coral Gables and the inventory is going fast.

Thanks,

Javier Olmedo
Keller Williams Realty
0 votes 3 answers Share Flag
Javier Olmedo, Real Estate Pro in Miami, FL
Wed May 21, 2014
Javier Olmedo answered:
Need to say which property it is that you are interested in as nothing appears on here.
0 votes 1 answer Share Flag
Jacqueline N…, Real Estate Pro in Miami, FL
Mon May 12, 2014
Jacqueline Nurse answered:
Hi. What is the address of the property? Can search for this or others in the area. Please contact me. Thanks
Jackie Nurse
Real Living
305-609-1232
nursejackiehomes@gmail.com
0 votes 3 answers Share Flag
Jacqueline N…, Real Estate Pro in Miami, FL
Mon Apr 7, 2014
Jacqueline Nurse answered:
Hi Jess. What is the address of the property so I can provide you with information. Please contact me.

Jackie Nurse
Real Living FSR
305-609-1232
nursejackiehomes@gmail.com
0 votes 1 answer Share Flag
Jacqueline N…, Real Estate Pro in Miami, FL
Tue Mar 18, 2014
Jacqueline Nurse answered:
Hi. I emailed you list of current properties in the market that meet your budget and room criteria. Any questions please contact me. Thanks

Jackie Nurse
First Service realty Real Living
305-609-1232
nursejackiehomes@gmail.com
... more
0 votes 2 answers Share Flag
Maria Van, Real Estate Pro in Boston, MA
Wed May 25, 2011
Maria Van answered:
Hi Frances,

Most bank usually takes 1-2 days to respond to an offer. Usually, when there's multiple offers on the table, the bank might take up to 1-2 weeks to respond, but in most cases, once the bank received the highest and best offer from all interested parties, it only takes 1-2 days to respond.

I hope this helps
... more
0 votes 8 answers Share Flag
Hector Lesen…, Real Estate Pro in Miami Lakes, FL
Mon Sep 13, 2010
Hector Lesende answered:
0 votes 16 answers Share Flag
Karen Pawlak, Real Estate Pro in Arlington Heights, IL
Fri Apr 2, 2010
Karen Pawlak answered:
Randell Simp…, Real Estate Pro in Miami, FL
Fri Apr 2, 2010
Randell Simpson answered:
The federal guidlines for having your credit checked in association with purchasing a property changed in your favor in October of '08. When purchasing a property, you can have your credit checked up to 3 times in one month without impacting your credit. The primary reason for this is to allow borrowers to shop for a mortgage without penalty. ... more
0 votes 3 answers Share Flag
Manuel Buzne…, Real Estate Pro in South Miami, FL
Thu Oct 22, 2009
Manuel Buznego answered:
Juan:

My best advise would be to consult your case with a RE / TAX lawyer. Every case is different and the opinion of a true expert will be priceless.

Good Luck
0 votes 3 answers Share Flag
Janie Coffey,  in Coral Gables, FL
Thu Oct 15, 2009
Janie Coffey answered:
HI Ryan

Currently there are no foreclosures in 600 Bilmore Way, but there is one Short Sale (likely pre-foreclosure). Here it is...

http://sef.mlxchange.com/Pub/EmailView.asp?r=621552398&s=SEF&t=SEF

if you'd like more info, just let me know!
... more
0 votes 2 answers Share Flag
Maylin Preve, Real Estate Pro in Coral Gables, FL
Wed Aug 5, 2009
Maylin Preve answered:
Hi Avi, 60-70% of our deals are short sales. Yes, it can take up to six months, but if you are patient and have time to wait, it may be worth it because that’s where deals are. The good news is that lenders are now more willing to accept short sales thanks to new legislation requiring lenders to accept short sales, deeds-in-lieu and loan modifications in lieu of foreclosure. The key is to work with a realtor who can identify short sales in which there is control and follow-through on the process. If you would like to know of available short sales in Coral Gables, please do not hesitate to contact me. ... more
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Deborah Madey, Real Estate Pro in Brick, NJ
Mon Oct 29, 2007
Deborah Madey answered:
Selling will come down to price and exposure of your property. All the advertising in the world will not sell and overpriced property. You do need to market a right priced home and let all potential buyers and buyer agents know it is available. In that 'exposure', you need to present all of the best attributes in the best light possible, and call attention to the best features of the property. The price can compensate for the condition of the house. The better the condiditon and more updated, the higher end of the value scale for the specific neighborhood. Price also needs to compensate for the location....i.e. a busy street. Properties on busy streets getneraly take longer to sell.

Examine your price, and discuss it w/ your Realtor. Does your Realtor know your market? Can he strongly and confidently tell you why he recommends a particular pricing strategy? In a market with an excess of inventory, some of the best houses at the good prices will still not sell. There are simply too few buyers for the number of offerings. In order to capture the attention of a buyer, you need to stand taller, brighter, shinier, and be more attractive than the competition. Buyers will seek the best bang for the buck.

Examine your marketing. Print has minimal effectiveness, except for niche properties marketed to niche markets. Focus online. Are you everywhere online? Is your listings enhanced by preferred locations, or addtional text, banners, photos, floorplans, tours, etc.?

Review the pricing strategy and the marketing with your Realtor to see if any changes might increase your chances of selling. Expect that you will have to go through more showings to obtain a contract, simply because of being on a busy street. After buyers tour, they will discuss the pros and cons. The weight given to the busy street will often shift buyers toward another property. The only way to compensate for a busy street is price.

As an aside, I favor price reduction over incentives. Here's the reason. People look for the main points that interest them first, and pursue details only if there is interest. Buyers ask, "How much?" before I can say, "Hello." If the price is off to them, they are off to the next property. Compare it to a headline in a newspaper. If it doesn't catch your attention, you don't read the artice. Compare to solicitation mail received in your mailbox. You glance at the envelope and determine you will or will not open it, depending on your 3 second glance at the envelope. Ditto for how buyers search for properties. The price is a factor that will influence a yes/no decision to pursue further. Another reason I favor price over incentives is that buyers search on search engines by price point. You may not attract buyers that you would otherwise with a price reduction.

I do see value in using incentives in negotiations to make a deal come together. If buyer and seller don't meet on price, but a seller will offer some other incentive, it can make a deal work.
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0 votes 9 answers Share Flag
James Basilio, Real Estate Pro in Miami, FL
Wed Sep 19, 2007
James Basilio answered:
Kathy,

No, newspaper has a very low return. The best advertise is online or get a professional to help you sell your home. Remember that Realtor a connected.
My best regards,
James Basilio - Broker Owner of BasLer Int'l Realty - www.baslerrealty.com

.
... more
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