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Home Buying in West Lawn : Real Estate Advice

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  • Local Info3
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 3
Tue Oct 29, 2013
Anna M Brocco answered:
If the listing agent is not returning your agent's calls or if you are dealing directly with the listing agent-- contact the broker owner of the realty office and address all your concerns--then go from there. ... more
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Wed Jul 22, 2009
Hannah Fliegel answered:
Hi Enrique,

It might be a good deal to buy a REO. But sometimes these properties are trashed and need some work. As a first timer you may not be able to predict what the costs would be to fix up a property the way you like it. Sometimes you can get a quote for a new floor for $5k and pull up the old floor and find all kinds of dry rot that will end up costing double. If you are working with a good realtor and contractor you can do well. The other challenge is that the home may not qualify for a loan. If the home is trashed then many lenders will not lend on the property so you have to look at that as well. Good luck! ... more
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Tue Oct 29, 2013
Geoff Rossman answered:
When an owner signs the contract, the listing has to be posted as pending on the MLS. (in our system in FL)So by not signing, the listing stays active and other offers may be taken. Most banks are requiring the owner sign the contract before they will start negotiations.

It's just a game. Short sales are becoming more difficult with outcomes usually resulting in foreclosure and then being relisted as a bank owned. There are better deals out there then short sales with less headache.

Geoff Rossman
RE/MAX Tropical Sands
(941) 544-3232
... more
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