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What Is An Inactive Property All Locations : Nationwide Real Estate Advice

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Showing results for What Is An Inactive Property [Clear search]
Tue Nov 17, 2009
Janet Peterson Spaulding answered:
If the property has been treated for termites, this does not necessarily mean that it had termites. Many homeowners will have their homes treated as a precaution.
At your home inspection, be sure to ask the inspector to check for termites.

Good Luck with your offer!
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0 votes 7 answers Share Flag
Mon Nov 9, 2009
Chanda Barrick answered:
Sally,

Active$ means an offer has been accepted, but it's pending approval of financing so others may submit a backup off in case the current one falls through. ActiveO means an offer has been submitted and it may have even been approved but reasons other than financing may make it an unstable offer, so again there's a chance tha it will fall through as well...

Hope this helps...
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0 votes 1 answer Share Flag
Sat Nov 28, 2009
Sean Dawes answered:
Not available for sale or the home is currently for sale but not available to show for some reason (finishing remodeling, waiting for tenants to leave etc.)
0 votes 2 answers Share Flag
Tue Sep 8, 2009
Robert Gordon answered:
Your public records will show the sales. I know that our property appraisers website shows sales for the past two years. Hope this helps.


Robert Gordon, GRI, e-PRO
Broker
Gordon & Associates Realty, Inc.
Lutz, FL
813-909-2884
www.GordonAndAssociates.com
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0 votes 6 answers Share Flag
Sat Feb 28, 2015
Jen Wetzel answered:
Hey Jasmine,

It sounds as though you have a beautiful home in a well-desired part of town. Your upgrades are also things that many people are looking for in this marketplace. I have shown many homes in this area and actually live around the corner in Waxhaw.

Are you looking to sell your home or do you just want to know the value. One way to get an idea of value is to hire a real estate appraiser who will come to your home to do the evaluation and compare the home to similar homes that have sold in the past few months. The second way is to have a Realtor pull a Comparative Market Analysis for you from the MLS.

If you would like more information about this, I would be honored to assist you. Feel free to email me at jen1@kw.com where we can talk further about your needs and plans. Hope you are having a great weekend.

Jen Mildenberger
www.WithJenYouWin.com
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0 votes 11 answers Share Flag
Sun Aug 16, 2009
Sylvia answered:
This means they already have several offers and are not accepting any more at this time
0 votes 2 answers Share Flag
Tue Apr 17, 2012
delete account answered:
Hi Jen,

From my experience working with buyers on fixer purchases, it can be difficult to get a conventional loan or FHA loan, if the home has issues that are visibly present such as what you mentioned as bare exterior wood, holes in the wall, etc.

A good option to check out is an FHA 203K streamline loan. This type of loan is used to mortgage properties that normally wouldn't be eligible because of property condition. In a nutshell, how it works is, you get bids on work needed on the home. Say the home is listed for $150,000 and the house needs $25,000 worth of work. The FHA 203K loan will allow you to close escrow on the home, and finance the amount of the repairs needed. The caveat is however, the home has to appraise for the purchase plus the cost of the repairs, so in this case, the house would have to be worth at least $175,000 in the appraisal (with the future work taken into account), to get the financing.... There's also stipulations as far as how the work is done, timelines, what repairs can/cannot be included, etc............BUT, for the patient buyer it can be a great way to get a great house that has some deferred maintenance/needed repairs all included in one loan product, that normally wouldn't fly under the conventional FHA or conventional loan guidelines...... Please note that you should check out FHA.GOV which has all of the guidelines/terms listed, or check with your mortgage planner/lender.... Good luck!

Randall Smith
Real Estate Broker Licensed in State of Oregon
Coldwell Banker Barbara Sue Seal Properties
randallsmith@me.com
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0 votes 8 answers Share Flag
Mon Jul 13, 2009
Scott Summers answered:
Hi Cory. REO (and other) properties are selling quickly and often with multiple offers right now. The way to do it, is to have your Realtor set you up on an email drip directly from the MLS, so as soon as it hits the market, you can act on it quickly. If your not working with a Realtor, I would be happy to set that up for you, just give me call and let me know what your criteria is.

As for how many get sold without going on the mls, I would say not very many.


Scott Summers
Keller Williams Realty
925.236.2375
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0 votes 4 answers Share Flag
Tue Nov 9, 2010
Paula Bean answered:
Yes. All your agent needs to do is change the criteria of the search and ask it to only give ACTIVE status. Perhaps she (or he) is sending everything just to educate you on the price range in the market, but ask them to send you ONLY active listings. ... more
0 votes 9 answers Share Flag
Thu Oct 15, 2009
Nunzio Zappola answered:
This is a great way to enter the market if you are willing to put in some work. It is a lot of work to get to the closing point which is why realtors are not intrested(time consuming). After you are in it is an as is sale so you do not know the condition of the home it could be very bad and you will need to do a lot of work to repair it. This is an investors avenue as the reward can be great ,as a buyer home owner your reward could be better because you will stay longer and reap more of the equity gained in long term.
If this is an investment as above it is work with the right home in a good area it can be very profitable. watch your taxes if you plan on selling it. get accountant to advise you as here in ny you needlive in and own for two years to qualify for capital gains tax relief.
As a realtor here I would be more than happy to help a client if this is a home they were intrested in. I would advise of the possible pitfall but would not advise that it was a bad idea . with so much REO on the market now how could a good agent not assist in clearing up some of this inventory.
Nunzio
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0 votes 11 answers Share Flag
Fri Feb 11, 2011
Joanne answered:
Dezi, hi how are you? An Agent is a Licensed Sales Associate. A Broker is a Licensed Broker. An Agent cannot open a Real Estate Company without having a Brokers License, or someone who has a Brokers License as the Broker of Record.

Joanne"Jodi"Fridson
KELLER WILLIAMS
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0 votes 8 answers Share Flag
Tue Jun 30, 2009
Pacita Dimacali answered:
We have several good foundation specialists and structural engineers who can answer this question only after actually viewing and checking out the property. It is certainly worth your peace of mind to hire a professional.

Check out http://www.jedco-inc.com/
930 Dwight Way #10
Berkeley, CA 94710
Tel: (510) 649-0241
Fax: (510) 649-0245
Email: info@jedco-inc.com

Ask for Firas Jandali who is the principal of this business.

Good luck!
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0 votes 4 answers Share Flag
Fri May 22, 2009
John DeMars answered:
It depends on the rules of the local Multiple Listing service. It could mean that the property has received an offer and is proceeding to crontract. It could mean the contract is under attorney review or the owner has withdrawn the property from the market ... more
0 votes 3 answers Share Flag
Wed Apr 27, 2011
Richard Greenwood answered:
You'll need to do your homework to figure out what a reasonable value for the home is. You can look at comparable sales but also keep in mind that market values are continuing to fall. Don't offer any more than what you calculate the home to be worth.

If we can help you get perspective on this, we have over 50 years of experience.
Call us at 951-308-1917.

Best regards,

Richard Greenwood, MBA, ePro, GRI, Realtor
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0 votes 15 answers Share Flag
Tue Apr 28, 2009
Dp2 answered:
Please see my comment in the post below.
0 votes 3 answers Share Flag
Tue Apr 7, 2009
Horlow answered:
.I always tell my clients to drive by the property of their interest on different times and days; some associations are stricter than others. It is not uncommon to see homes with discolored sidings, some association inspect the property and will ask the seller to make the necessary repairs before issuing a sales certificate. I can send you the sales activity history of Caines Creek that way you can see what sold recently and how the association addressed the exterior, however as Agents we cannot promote or steer you away from a specific area or property as it is illegal.
let me know how i can help.
hahner@kw.com
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0 votes 3 answers Share Flag
Sat Sep 12, 2009
Brian Leavitt answered:
Hello Jimmie, Unfortunately there are no lenders that will presently allow what I think you are proposing. That is to use money from the loan on the house you are buying to pay off existing debt. The good news is that if you have your VA elgibility you may be able to purchase zero down using you VA benifits and in fact may qualify to purchase with your existing debt load. The best bet is to contact a VA approved lender and see what you qualify for that way you will know exactly what your options are.

If for some reason your VA elgibility is not available you may be able to find a lender offering USDA rural housing loans whicjh are also zero down in qualified areas, For a detailed list of USDA eligibility check out the USDA website at : http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Good luck with your home purchase!
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Wed May 27, 2009
The Hagley Group answered:
Who is your title company. What do they advise? have you contacted your Realtor's broker for help?
0 votes 8 answers Share Flag
Sat Nov 15, 2008
Irina Netchaev answered:
Eunice, what a sad situation. There's really no way to tell whether or not your agent did her job. Bottom line is that you didn't get the house that you wanted.

If the home just went into escrow, you might want to put a back up offer. It is very difficult for buyers to qualify for a loan and the buyers still need to release contingencies prior to solidifying the deal.

You might still have a chance.

I am so sorry that you had such a frustrating experience.

I wish you the best of luck in your home purchase!
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0 votes 13 answers Share Flag
Sat Nov 15, 2008
Sylvia Barry, MAS,CIPS,SRES answered:
Hi Michael:

I have been successful in getting my short sales approved and closed. I always frown upon agents who priced their homes 'ridiculous' low just to attract offers and hopefully start talking to the lenders.

Lenders prefer to see an earnest effort when you sell a property short, they like to know that we have priced the homes correctly and market the homes like we are supposed to. Unless there is an emergency -- like the house is scheduled for auction in two days - they will not approve an offer for a house that's listed artificially low.

I often see those listings and curious about whether they close and they often don't and ended up foreclosing. This is, to me, is not right by the sellers, by the buyers (who thought they might get this), nor by the neighbors (when the neighborhood price was dragged down).

Best,
Sylvia Barry
Marin Realtor
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