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Holiday Hills : Real Estate Advice

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Activity 7
Sat Oct 8, 2016
Scott Godzyk answered:
Teams are a good option. There is pros and cons. The key is leads. Often teams split because there is not an equally split work load with equal pay expected. You can also grow and attract new clients by signing up for Active Rain and starting a blog. Write about your area and yourself. I put a link below ... more
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Thu Sep 8, 2016
Tom Thompson answered:
Hi Chris, I was a realtor for 7 years. I became one because I was so good at selling my own homes and business'. Thank's for the advice.
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Thu Sep 8, 2016
Tom Thompson asked:
Address is 2711 Apache Trail, Mchenry, Il. 60051. You can call me at 815-474-9477, my name is Tom. Thank You!
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Sat Aug 27, 2016
Tom Thompson asked:
I do not see anywhere to add any photos or make corrections etc. I am a for sale by owner and do see other fsbo's with photos. Does it take awhile for them to populate over to Trulia,…
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Fri Sep 6, 2013
Terry Farnsworth answered:
Hi Cbarger,

Not trying to be rude, but it's important to understand that the bank doesn't care one bit about you either. Their job is simply to get as much money as possible for the property, as much of their potential loss as possible. If they find that they can ultimately sell it for more by simply eventually foreclosing on the homeowner - they will just ignore your offer and wait.

The banks don't care what your valuation of the property is, what your agent's valuation of the property is, or what you "want" to pay or get it for. They are like robots and will reject/ignore your offers until they get what they want. They will take as much time as they want to respond, but demand that you "jump" immediately whenever they demand.

At the end of the day, you will likely get a good deal - if you are willing to swallow your pride throughout the process for the end result. Many people are not willing, nor do they have enough patience, to do this however.

Another important bit of information - the "list price" means nothing in a short sale. You would be wise to have your agent check if there is a "pre-approved" price the bank is willing to accept. Listing agents can list a short sale at any price they wish - but the only thing that matters is what the bank will ultimately accept. This means that you can offer full list price, or even above - and it doesn't mean that the bank is going to automatically take it.

The bottom line - Banks aren't stupid and can afford to hold these properties until they get what they want. They are not going to give you a "steal". Do your homework and make an offer that is going to reflect the market value in the area - or you will be in for a long, maddeningly frustrating ordeal that will end in the property selling to someone else.
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Tue Jul 2, 2013
Linda Hill answered:
I am sorry this property has been under contract for some time. If you would like fresh information that comes off the MLS I would be happy to send it to you. Call me if you are interested. Linda Hill 815-341-8844 ... more
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