how do i buy for this price 69900? when broker says it is 98000?

Asked by Andy, Washington, DC Thu Dec 25, 2008

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T.E. & Naima…, Agent, Dallas, TX
Thu Dec 25, 2008
You have to understand that the source of the listing is a lead generating site. Realty Trac may have the amount of just one lien on the property. That is not the amount it is for sale. If the broker told you that it's for sale for 98K, that's probably what the bank is looking to sell it at, may be to clear the second lien as well.

How much is it worth? and how much is it worth to you? Do you have a buyer's agent working for you? they should be able to investigate and tell you all they know.

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Phil DeSimone, Agent, Hemet, CA
Fri Dec 26, 2008
Hi Andy
That is what company 's advertises to bring you to Foreclosure sites as a paying customer.There are lots of sites out there that have properties for $70,000 to $100,000 In Las Vegas, currently and up to date with the MLS
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Scott Godzyk, Agent, Manchester, NH
Thu Dec 25, 2008
Basically the listing from realty trac is not the asking price. Realty trac pulls listings and public notices from the county. A good buyer broker can do the research for you otherwise seacr the assessors office or the county registry for more info. What the bank took it bnack at or hat the old owner owed has nothing to do with what they are asking. The asking price is determined by appraising the property at todays value and adjusting for how quick they want to sell it. Good luck with your search. The best way to tell what they will or wont take is make an offer.
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Dallas Texas, Agent, Dallas, TN
Thu Dec 25, 2008
Have your buyers agent comp the property. Only best source of accurate posting for any real estate property is MLS. Not all websites postings are accurate.
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