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Saint Louis : Real Estate Advice

  • All555
  • Local Info49
  • Home Buying175
  • Home Selling38
  • Market Conditions20

Activity 324
Wed May 6, 2015
Toni Nicholas answered:
...assuming you meant sellers, many sellers may be in financial distress and may not be able to do any necessary things to help sell their home. Further, there are many agents who are not addressing the whole picture including the financial distress of the owners. Many agents who do not address the probable short sale of the property, may, in fact, push their sellers into foreclosure because they're too stubborn to come clean, too stubborn to learn, or outright refuse to risk pricing the property appropriately for fear of losing the listing! Many agents will not learn how to conduct a short sale and GET IT SOLD! ...which is why I began specializing in Short Sales.

I do not believe agents such as these are doing what's best for their client, and I have run into many properties such as those you describe. You and your agent should be asking these types of questions as to why the seller is selling or your agent may conduct some good ole-fashioned research to determine whether there is any wiggle room between the mortgage owed and the asking price. I'm sure you will see many properties are listed at the break even point so that the list agent avoids marking the property as a "short sale." While this tactic is not at all helpful, this will also help you decide or avoid making offers on properties in the first place. You'll find out about those stubborn agents, inexperienced agents, or those who refuse to be flexible - due to the other reasons he or she has not told you. This is why I always conduct my research, and I do not work with these types of agents. I don't like wasting my time.... money, effort, etc.... So, while this tactic is not helping the sellers at all, your agent's research will show the true picture, and you can make your decision of whether you're even going to pursue the property in the first place. I've written about these issues and more in an article on short sales from the seller's perspective. If you'd like more info, please visit the link! Good Luck!
... more
0 votes 16 answers Share Flag
Wed Apr 17, 2013
Rich Homer answered:
Best next action is to ask a local Real Estate Broker by clicking "Find a Pro" in the main menu at the top of this website. http://www.naplesrealestateguys.com/
0 votes 12 answers Share Flag
Tue Apr 16, 2013
Penny Davis answered:
We're here... and ready to help you! Call or email if you need something, I'm available!

Penny Davis
Red Key Realty Leaders
314.495.9089
davis.penny@gmail.com
0 votes 3 answers Share Flag
Sun Feb 5, 2017
Terrell Peterson answered:
Wed Apr 10, 2013
Alicia Clark - THE HOLT TEAM answered:
Send the property address, and I can try to find out for you. You can check the tax records, but if very recent, might not be recorded yet.
0 votes 2 answers Share Flag
Sun Apr 14, 2013
Spirit Messingham answered:
Talk with your lender. FYI, they have lost a lot of money over the past 5 years, getting a home is harder now than it used to be. I know it is frustrating, but working with so many buyers I have found it does little good to question them, instead get them (lender) what they want as soon as you can, jump thru all of their hoops. Once you are done, you will be moved into your new house and probably forget all about the lender's hassles within the first month.

And it does not matter if the loan is "only in your name", you are married.

Best of luck.

Spirit
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0 votes 7 answers Share Flag
Tue Apr 9, 2013
Debbie Jacobson answered:
If you are talking about the building inspection.... once the inspection peiod has past and the buyer and seller has not come to a written agreement then the contract is dead. Your agent should know that. ... more
0 votes 2 answers Share Flag
Sun Mar 31, 2013
Michael Cheng answered:
Yes, everybody who flips today was trained how to do it. In theory, you could flip houses with no money, but you really won't get very far. Most flippers have to put together a small pile of cash, perhaps just $500K, to make a business out of it. ... more
0 votes 4 answers Share Flag
Sun Mar 31, 2013
Stephanie Hug answered:
Have you been inside? I would be happy to set up an appointment to take a look at the home with you and talk about the next steps in the process
0 votes 13 answers Share Flag
Wed Mar 27, 2013
Linda Julien asked:
Desparate. Moving to Colorado for job change from Wisconsin. Need rental where can have horses and dogs.
0 votes 0 Answers Share Flag
Sun Apr 12, 2015
Janel Williams answered:
Amy,
Carondelet area has long been a community within South St. Louis area highly rated for people who enjoy city living, with the inviting atmosphere that suburban communities garner. So much so, this area has their own website. Go to http://www.carondeletliving.com/, for more information. As any area, especially in the city limits of St. Louis, there will be incidences of crime. There's another website that I use called crimereports.com, there you can click on advanced search and see a specific 30 day span for the last 6 months of any area. This is a beautiful home, let me know if I could be of any more assistance to you. Thanks. Janel Williams-Broker's Corner Realty-314-827-5478. ... more
0 votes 3 answers Share Flag
Sat Apr 27, 2013
Konny Schaeffer answered:
What area would you prefer? I am a certified REO specialist and a broker with 20 years of experience in St Louis, St Charles and Jefferson counties., as well as St Louis City. Investor references available in all areas, including commercial properties. Let me know if I can be of service to you ... more
0 votes 6 answers Share Flag
Fri Jun 14, 2013
Suzanne MacDowell answered:
I have never heard of a bank doing something like that, and they are NOT creative! I would say short sale or renting are your two best options.
0 votes 9 answers Share Flag
Fri Mar 22, 2013
Klaus Illian answered:
Forget FHA financing if you plan to buy in the $700-800k range. The FHA limit in this area is a little over $275k. A good local lender can give you the details. I can refer you to one but feel free to use anyone you want. I am sure I could help you. Do you want to meet for coffee on day next week?

Klaus Illian
Wood Brothers Realty
5600 Hampton Ave.
St. Louis, MO 63109
314-541-4615
... more
0 votes 5 answers Share Flag
Tue May 20, 2014
Derek Zasaretti answered:
Johnathan, try posting your property to socialserve.com. The renters will beat a path to your door.
0 votes 2 answers Share Flag
Wed Mar 20, 2013
Jeanne Feenick answered:
Probably to get you to call just as you suspect. Many listings are syndicated through the brokerage system, so it could be a trigger to call for info or a simple oversight that the broker has not checked the box to include it in the info sent over.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
... more
0 votes 3 answers Share Flag
Sat Mar 23, 2013
Dale Weir answered:
Absolutely not. As a realtor, I use a lawyer or a specialist firm to handle all communications with the bank, rather than handling them directly myself
0 votes 3 answers Share Flag
Mon Mar 11, 2013
Keith Jean-Pierre answered:
By speaking with a mortgage professional.
0 votes 2 answers Share Flag
Fri Mar 22, 2013
Jennifer Kile answered:
There is a high demand for lease options, also known as lease purchase, in today's market. They appeal to buyers that do not have a high enough credit score to qualify for a loan. I have worked with many sellers and buyers doing lease options and am knowledgeable of both sides of the transaction. Feel free to call/email me to discuss further. ... more
0 votes 5 answers Share Flag
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