Trulia's recent solds come from public record and can be considered accurate. As to what is recent, you'll have ot see if the date of sale is listed to make sure you are not looking at a sale that is over a year or so old.
Best of luck!
Getting Pre-Qualified for a mortgage should be your very first step. That will allow you to identify your financing options. Since you said fixed income, I am assuming that you are both retired and on Social Security and/or Pension income.
To get Pre-Qualified, you can submit a request online at www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing... more
I'm a little confused but I think what you are trying to ascertain is: Will a real estate agent provide me comps on homes I wish to buy from private sellers.......if I promise to enlist their services to sell said home.
I don't really know the answer to your question, to be honest. I suppose it would depend on the agent. If I had a quarter for every time an "investor" approached me........I wouldn't be selling real estate. Realistically, would you want spend time or do work for someone who you don't know personally, for free? I would sit down with an agent and explain the situation, and see if you could work out some form of agreement. I know plenty of people who rehab homes, and utilize one Realtor to sell them all - the agents only work the sell side of the deal.
I also always ask this question to investors - why not simply take the real estate licensing exam and get a RE license yourself? You'd have access to the Multiple Listing Service for a few hundred a year to pull your own comps, and you'd earn 2% or more back on any properties you purchased for yourself that are listed. Seems like a sage investment for people who buy multiple properties a year....... more
Of course we know about wholesaling.
It is not a secret by a long shot. For many real estate agents it does not fit their business model.
Most wholesalers embrace the idea agents want to work for FREE. That of course is good for some, but not others.
To think agents are unaware of OPM, self-directed IRA, note financing, options, hard money, cross collateralizing and other readily available financing options would also be shortsighted.
The question should be rephrased, "What are the professional standards that make such transactions/arrangements less desirable or forbidden for real estate professionals or those who are realTors?"... more
There is a wide variety of companies that place their property on Trulia and other internet forums of this nature. It's possible that the information you are viewing is accurate but not being portrayed in a completely accurate manner. There are agencies that misrepresent "distressed" property and disclose numbers that do not represent the value/price of the home but the debt associated with it.
With this said, if you are seeing "red flags" and feel the information is too good to be true you should proceed with caution. Likely the best and safest way to access accurate information is via a local real estate professional.
Consider contacting and interviewing in person a few local agents from different realty companies, then choose the one you like best; choose your agent with care. You can locate some area agents here, under the find a pro tab; also ask friends, family, co-workers, etc., for recommendations.... more
I'm sure that there are a lot of Vandals and thieves that would like to have a list like this.
If they are UNLISTED, how would anyone compile a LIST of them.
The Banks have learned that it is not wise to have Vacant homes for long; they are letter Tenants and homeowners stay in the homes a long time, just to have it occupied.
Pretty much what we do is construct a TARGET big enough for all to see:
Between Open Houses, Websites, Advertising and other Realtor's, we try to make it irresistable for people who WANT a house, to look at ours.
If it hasn't happened to you; we talk to people when we are standing in line at the bank, the supermarket and the car dealership. We create a netwook of potential clients and past clients. We count on word of mouth to talk about us, our past successes and our friends.
The idea is to make those motivated Buyers and Sellers come to us.
If you are buying a home you can utilize the services of a buyers agent and the commission for that agent gets paid by the seller. This solves your problem. If you are financing you can negotiate in closing costs to include the appraisal but many banks like for you to pay in advance the appriasal fee.
RealtySouth- 52 Homes sold in 2010 (#2 Gold Club)
http://www.gtherealtor.com -(Search all Birmingham area homes)
Birmingham Business Journal Top 40 Under 40... more
You need access to records of home sales. It is not always as simple as it seems. If you want to do a good job you can't compare apples and oranges. You say you want to invest in properties. Are you using a Realtor to purchase these properties? If so, ask your Realtor to do these CMA for you, he/she should be able to provide you with the information you need. When you are an investor it is helpful to have a close relationship with a Realtor, whom you feel is experienced, has a track record of working with investors, and is quick to move on deals once the homework is done.
Good luck.... more
Where are you interested in living in the Birmingham area? Have you considered that some sellers may want up to $8000 down to make sure you have "skin in the game?" Many more questions to consider prior to finding a home. Let me know your thoughts and allow me to be of help if you need some.... more