looking for foreclosure homes in coppellISD area.

Asked by Trdrwp, 75034 Wed Dec 15, 2010

looking for foreclosure homes in coppell ISD area. where to find. do I need a realtor to deal with foreclosure homes, if so any realtor is ok, or I have to select a realtor who is specialized in foreclosures.

I hared foreclosure are good bargains, and some times we will get 50% less than market value, is that true.

Help the community by answering this question:

+ web reference
Web reference:

Answers

5
Lisa Montes, Agent, Carrollton, TX
Tue May 1, 2012
I am a Coppell resident myself and there just aren't that many. There are few but you must act fast. Homepath had a couple listed in the fall.
0 votes
Bruce Lynn, Agent, Coppell, TX
Wed Dec 15, 2010
Follow the link at the bottom of this page to find Coppell ISD foreclosures.
I live in Coppell and list foreclosed homes for banks and lenders and
help buyers buy foreclosures as well.
I will be glad to help you.
Rare do we see discounts of 50%, especially in the Coppell area.
You can see 50% discounts, but typically at that price the homes will need a lot of work.
If you can stand to buy ugly and fix...those are the best values on foreclosures.
Buying ones in this area that are more typically move in ready or close to move in ready
might yield a 10% discount, maybe 15-20% discount to market depending on condition and
style.

http://www.mlsfinder.com/tx_ntreis/robertbrucelynn/index.cfm…

There are other good deals around other than foreclosures.

Bruce Lynn
Keller Williams Realty
Web Reference:  http://www.teamlynn.com
0 votes
Patrick Kern…, Agent, Coppell, TX
Wed Dec 15, 2010
There are currently three bank owned homes listed in CISD and identified as such. What price range are you looking in?
0 votes
Dallas Texas, Agent, Dallas, TN
Wed Dec 15, 2010
50% of market value is a great myth especially here in Dallas UNLESS you go to the 2nd or 3rd tier cities. OR another city in the country.

50% below market value IF in 1st tier city here in Dallas are usually extremely distressed properties which have foundation problems cost $20K or more repair. OR much work make it move in ready. Most of these properties lenders may not approve.

Are you paying cash? Or lender approved ? In order for a Realtor work with you that letter governs how represent you.

IF homes were 50% or more below market value in Coppell I would personally purchase those I all ready own property in the community GREAT area !

If you are searching purchase foreclosures keep in mind that bank my not accept your sales offer may never respond be ready to place multi offers on many properties. Foreclosures can take approx. 90 or more days to close .


Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes
Team Anders, Agent, Grand Rapids, MI
Wed Dec 15, 2010
Hi,

Foreclosures are great deals, you are correct in your assumption. Also, sometimes you can get them for 50% off of market value, but that market value was as of 2006-2008, not the current listed price. I would check http://www.realtor.com/ for a REALTOR in your area, they are held to higher standards than other agents. The REALTOR you find will be able to get you a list of foreclosed homes very easy with their MLS, banks require that homes be listed on the local MLS prior to selling, in most areas. Good Luck!
Web Reference:  http://www.teamanders.com/
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more