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53558 : Real Estate Advice

  • All4
  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 4
Mon May 22, 2017
mweaver3440 asked:
Sun Jun 7, 2009
Mickey answered:
Thanks to the information on this website(and a couple others) I was able to win my appeal on my home assessment and get it reduced 22k. I encourage anyone else who thinks they are being overcharged on their property taxes to do a little homework, and see just what the neighborhood's homes are selling for, you might be able to save some $$$$$. ... more
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Tue Apr 28, 2009
Bryan Furse answered:
Well Danny, banks aren't as human as you give them credit for! What I mean is, that their process may be complex and complicated, but the goal for them is simple; the bottom line. It's not such an emotional process for them as it will be for you.

So, my answer in brief is: YES you ALWAYS want a CMA when making an offer on ANY property, bank-owned or not! It is a very important thing, but not for the bank's benefit; for yours! The bank won't care about your CMA, but you should.

As far as swaying the bank, producing things rarely sways them. What you will want to do is keep your offer and it's contingencies AS SIMPLE AS POSSIBLE. The cleaner the offer, the higher your chances. Beyond that, you just have to make it make sense to the bean counters. There's no trick to this, it's just the dollars and sense of it to them. Offer the dollars, show why it makes sense to them and, if they agree, you've bought yourself a house!
... more
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Tue Apr 28, 2009
Tim Totah answered:
Hi Danny,

If your goal is to flip this property, proceed with caution. These strategies typically only work for the novice investor/speculator in appreciating markets, as appreciation will serve as a hedge against any downside risk or mistakes in calculation.

If you are purchasing to live, it's a different ball of wax all together. This area has been addressed well by the below responses.

I would caution, as much as possible, not to make a decision based entirely on emotion. The real estate market is truly in a glut. And to get out of it based on solid fundamentals, we need purchasers to be realistic.
... more
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