Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

85750 : Real Estate Advice

  • All11
  • Local Info0
  • Home Buying8
  • Home Selling0
  • Market Conditions1

Activity 10
Fri Dec 16, 2016
Greg Madden answered:
Foreclosure was listed at $29k originally, and was reduced $1k per month to $26k. Property had significant issues. Bid $10k, as-is, no conditions except a structural inspection. Bank countered with $26k. Did a detailed inspection, documented condition, and submitted to bank countering with $10k again. Bank accepted offer. Closed a week later. So it can be done, just do your due diligence. ... more
4 votes 18 answers Share Flag
Mon Feb 1, 2016
Sally Grenier answered:
First and foremost, you want to have a REALTOR working for you as a Buyer's Agent. He/she can ensure you get the proper title insurance, inspections, etc. In addition, he/she can do a market analysis on the property so you can see what other similar properties have sold for. The bank or lender likely has it listed with a Realtor, and will want to get fair market value for the property. If there are multiple offers, you'll want to make sure you're making a strong offer (not just on price but on all of the terms of the contract.). ... more
0 votes 4 answers Share Flag
Thu Dec 27, 2012
Alexandra Berger answered:
The best way to find out is by visiting the city or county and help them check on permits. Do not rely on the sqft information .
Although , the assesor's record may show the total sqft (including the addition), it is not an indication that the addition is permited. It only means that the subject property is taxed on the total size of the home.
Title does not look for the permits. Neither the appraisers nor the home inspectors , unless it is obvious and not well done.
... more
0 votes 9 answers Share Flag
Mon Dec 17, 2012
Bill Eckler answered:
Keith,

Your agent should have invested some time explaining the buying process for foreclosure property. It may have been helpful having this information prior to making your initial offer. This is a fairly common scenario when multiple offers are encountered on foreclosures. The bank will request the "highest and best" offer from the parties involved. The amount of these offers is private and not shared with any of the other parties.

"Highest and best" doesn't necessarily mean the contract will go to the buyer offering the greatest amount of money for the home. Other conditions may enter into the bank's consideration. Cash offer, no contingencies, quick closing, no closing cost conditions etc. are some of the common issues that lenders can take into consideration.

Your agent likely has the best understanding of what you need to do to remain in the running for the property.

Good luck,

Bill
... more
0 votes 18 answers Share Flag
Mon Dec 17, 2012
Ric Mills answered:
Cestmoi, foreclosures are a good avenue to go after. However, there are not a lot of them around. If you are operating under the misconception that they are the cheapest homes that would not necessarily be so. Our Team can work with you and show you all of the homes that meet your criteria. If you just want foreclosures, then that is what you will get. I would suggest that you not limit your search to just foreclosures as ther are a lot of good buys out there. Let me know if I can help you. ... more
0 votes 6 answers Share Flag
Fri Jun 29, 2012
Doug Seemann answered:
By the way...
I did return your calls after we last spoke and left several messages, but they were not returned.
Call me again, 370-8907 or email me at dougs@longrealty.com
I have a couple of properties that meet the criteria we discussed earlier, right now, but need a buyer ready to capitalize on them.
Doug
... more
0 votes 15 answers Share Flag
Fri Jun 8, 2012
Eddie Holmes answered:
Hello Kate,

There are quite a few rental opportunities near Canyon Ranch. We have a full service property management resource in our office that can help. Give me a call or email.
Thank you

520-661-5340
edholmes@live.com
... more
0 votes 3 answers Share Flag
Tue Jul 19, 2011
Spirit Messingham answered:
It depends of course, however cash deals are not as attractive as some seem to think. This is posted under "Foreclosure", that means a bank or lender, etc is holding the note. They dont really care if the payment is a check from another bank/lender or a wheel barrow full of cash, they want, they need the most amount NET.

Now, if two offers are pretty similar (no buyers contingencies) and one is cash and the other is contingent on a loan, then the cash is stronger. Again, this is also partly an opinion question. From my experience, cash only offers are not as strong as buyers seem to think they will be.
Best of luck.
Spirit
... more
0 votes 14 answers Share Flag
Thu Feb 17, 2011
Lindsay Daley answered:
Karen Kennedy,

Here are the averages from Jan 1 2010 thru today, for the 85750 zip code, as per our MLS.

Bedrooms------ Number of Sales------- Average DOM---------- Average CDOM
-------0-------------------- 7------------------------- 170---------------------------280
-------1------------------ 19------------------------- 106--------------------------- 148
-------2 ------------------137---------------------- 103 ----------------------------129
-------3-------------------160-----------------------111-----------------------------163
-------4-------------------153------------------------114----------------------------169
-------5--------------------33------------------------123-----------------------------184
-------6--------------------4-------------------------118------------------------------125
Totals: -----------------513------------------------111------------------------------158

I understand if this list seems a little abstract. I would be happy to assist you further if you'd like : )

Best of Luck to You!

-Lindsay A. Daley
Chartered Real Estate Consultant
... more
0 votes 2 answers Share Flag
Search Advice
Search

Followers

577