Does anyone have any info on buying a Wells Fargo owned house? How do they price?

Asked by Vince, Dearborn, MI Mon Mar 24, 2008

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8
Melinda J. R…, Agent, Hudsonville, MI
Mon Mar 24, 2008
Vince, I have recently sold some homes that were owned by Well Fargo. They were easy to work with and my buyers felt that they got good deals. Of course this is where your buyers agent comes into play. They can help you get more information on if it is a good deal for that particular area. Like other agents have said...there are a lot of factors involved when it comes to pricing them. Not to mention there are a ton of banks trying to sell homes in our state at this time. There is plenty to choose from.

I hope this information helps! Best Wishes!
Web Reference:  http://www.gomelinda.com/
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Hi, , Virginia
Mon Mar 24, 2008
http://www.pasreo.com

this is their REO service provide

anyways


good luck
0 votes
smith3gary, Agent, White Lake, MI
Mon Mar 24, 2008
Vince, I'm assuming you have a signed Buyers Agency agreement so the agent is working for your best interests and reprisenting you in the transaction. Glad you'e being proactive in your home purchase. I agree, check with the City and verify there are no contractor, tax, utility, etc liens on the property.
Web Reference:  http://www.mi-living.com
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Nicole Sleeva, , Novi, MI
Mon Mar 24, 2008
I've actually been in that house - Lots of potential. If you go the the city's website - http://www.cityofnovi.org - you can search their tax records and view the public records for a particular property. Enlist the help of your agent too - that's what they are there for. Good luck!

Nicole Sleeva
nsleeva@cbpreferred.com
Web Reference:  http://www.NicoleSleeva.com
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Aaron Miller, , Durango, CO
Mon Mar 24, 2008
Wells Fargo has an online form that has to be filed by your agent. This will be the process until you and the bank comes to some sort of an agreement. They will forward instructions for your agent by email. This will be the time a true contract will surface. It's a little silly but the way they do business. Most online offers that are submitted are required to be accompanied with credit approval/available funds bank statement.
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Vince, Both Buyer And Seller, Dearborn, MI
Mon Mar 24, 2008
25686 Buckminster Dr., Novi
I do have an agent. Just trying to do some independent research to keep them honest.
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Nicole Sleeva, , Novi, MI
Mon Mar 24, 2008
Hi Vince -

Do you have a specific home in mind? I specialize in the Novi area and I would be happy to find some more information out for you.

There is no "rule of thumb" for foreclosure pricing. There are a lot of factors involved including how much is owed on the home (including late fees and attorney fees); recent sales in the area and the condition of the property to name a few. If you are thinking about a foreclosed property, your best bet is to have Buyers Agent looking out for your best interests. Please let me know if I can help.

Nicole Sleeva
nsleeva@cbpreferred.com
Web Reference:  http://www.NicoleSleeva.com
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Brian Butter…, Agent, Royal Oak, MI
Mon Mar 24, 2008
Do you see a Realtor listed on the home? Or is this a home being sold directly from the Bank?
Web Reference:  http://Contact4Homes.com
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