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Goodrich : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling1
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Activity 4
Sat Jan 15, 2011
Angeline Brown answered:
Hello Krista,
The truth is, it may be possible. However this will depend on the type of updates that were made, marketing exposure etc. I would need more information to determine the price of your particular property. With that said, I do have the data available through my client portal which will be exclusive to the price per square foot of all the homes listed in Goodrich. Remember that we are in an ever changing market and what the data reflects today may not be the data in the Spring. Send me your e-mail I would be happy to share this information with you so your decision will be an informed one when the time comes.
Angeline Brown,
Realtor/ Vice President
Browns 1st Class Realty, Inc.
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Wed Dec 8, 2010
Fixwingman answered:
need to know if i can refinance an usda-rd loan from 6.25 down to present interest. live in Il. need to know if they will do it under the same conditions for assistance, if needed. Do not want to call them and scare them but, I'am having a little rogh time right now w/ 3 kids and one grand doughther w/ wife unable to work. need serious help... any suggestions will bee appreciated. ... more
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Wed Oct 27, 2010
Shelly Masica answered:
Hello and thank you for asking about these beautiful homes. The home at 8022 Creekwood was withdrawn from the MLS in August, it was listed for $519,900 but did not sell. The home at 8060 Creekwood is being offered at $699,900.

If you would like any more information on these homes or any other please contact me anytime, I would be happy to help :)

Shelly Masica
(810) 569-7907
Keller Williams Realty
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Sun Sep 21, 2008
Rose Mary Simms answered:
Hi Tim,

Although I am not an expert in your area, this answer should be confirmed with the auctioneer however I did attend an auction with my investor client not long ago.

From what I understan a bank owned property goes to auction after it sits on the market for "x" amount of days to generate activity. Just because it goes to auction does not mean it will sell. In otherwords an auctioneer may accept a bid however it is still is handled the same way as though you are bidding on the home as hough it were a typical REO listing.

I found out that the majority of the bids that were accepted at the last auction I attended was not accepted by the Asset Manager. It still comes down to dollar and "sense". If the numbers don't work, they wait about 2 weeks and the house is back on the market as a new listing an the cycle begins. The difference for you if your bid is accepted, you pay a fee to the auctioneer. So it cost a little more at closing.

More information than what you asked but I thought you would find it useful, however taking into consideration your bid is accepted you will receive a "specialty" type deed at close (the same as though it were listed) because it still is a bank owned home, right?

Hope this information helps you.
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