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Mineral Bluff : Real Estate Advice

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  • Local Info1
  • Home Buying4
  • Home Selling3
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Activity 6
Tue Oct 11, 2011
Rachel Brant answered:
That is normal because the listing agent is not able to disclose the amount. This is a comfort level. I have had clients before say that they have fallen in love with a home so they wrote over asking price hoping to get the home. Sometimes they get it and sometimes others have wrote an even higher offer. I recommend either staying where you are or increasing the amount, which ever you are most comfortable with. ... more
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Thu Oct 21, 2010
Jon and Donna Birschbach answered:
Hi James,

If the property is in the process of foreclosure proceedings the seller maintains control over what he or she sets as the price.....if a potential Offer comes in lower than what is owed(mortgage), the Bank will have to approve the funds/terms in the settlement. If the property has gone through foreclosure and a sheriff's sale and now is owned by the Bank, the Bank will determine the list price/adjustments. Professional Realtors make recommendations for price listings/adjustments based on analytical facts in the market. If you are interested in a Foreclosure/Short Sale I would definately recommend you seek the assistance of a Professional Realtor with experience in this Field.

Good Luck!

The Birschbach Team
Keller Williams - Madison
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Mon Oct 18, 2010
Annette Levinson answered:
It is called a preapproval since an approval requires that the house is known. The preapproval lets the seller know that you can get a mortgage before he takes the house off the mortgage.
It can take 60 days to close and the seller does not want to loose this time if you are unqulaified to get a mortgage.
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Fri Sep 3, 2010
Marta Mohan answered:
That option is not available in our MLS system, however every system is different in each Realtor Association. You may want to email a local Realtor to check on the specifics of your Multiple Listing Service ... more
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Fri Sep 3, 2010
Don Tepper answered:
If you mean on the MLS, that's up to the rules on your local MLS. But the answer's probably "no." You can do a "sale" and a "rental"--and have two listings that way, but not two "sales."

Suggestion: If you're willing to continue renting, list one under "sale" with the comment that seller will be willing to consider owner-financing or a lease-option. But another under "rentals" with a similar notation--that the owner would be willing to consider a lease-option or lease-purchase. Check with your agent to see whether such an approach would be permitted.

Hope that helps.
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Wed Oct 13, 2010
Gary Kaupman answered:

I'm new to Trulia and almost 99% a Buyer's Agent but I don't think any listing service allows one to select two categories. But I happen to have two clients who are looking specifically for rental property right now and so I appreciate your conundrum.

I think your agent is right that more folks are looking for second homes rather than pure rental plays. But my two clients are the exception to that rule, and the local MLS does not have a category for Rental Cabin.

So, my, less than perfect suggestion, is make it Residential in the MLS and Income/Investment in Trulia and Zillow (for a month at least) and see what happens..

Gary Kaupman
Dixon Gary Realty
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