I updated a post I did a year or so ago about how to get an accepted offer on a foreclosed property. When you get a minute, check it out over at 4 Tricks to Being the Winning Bid for that Foreclosed Property.
What is the sum of four + five ?
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In the past 12 months, I have been showing and selling many more HUD properties. I would estimate that 1 in 10 are HUD listings up from 1 in 100 just 2 years ago. The process is much different than buying a typical REO and you need an experienced agent that can help you navigate [...]
I have been getting that question more and more every day with my customers. I answered that question a long time ago about Low Ball offers on foreclosed properties. That is current my number 1 post on this blog and has almost 60 comments on it. Although I wrote this post almost 2 years ago, [...]
I just had it happen again today. Property has been on the market for 75 days. I checked with the listing agent last night, no offers. We wrote up an offer and I sent it in around noon today. He writes me back at 2pm and says he now has 2 more offers. What!?!#@% This has [...]
I got a great question from a long time reader, John Gall, today. He asked: When I look at the [other company's] site which I’m sure pulls from MLS I’m seeing the following status on the listings. It would be interesting to have an explanation of why one is chosen vs another. Some are obvious but [...]
So, you read this siren call on the MLS listing that say “Pre-Approved short sale, quick closing possible”. You get all excited; maybe this short sale will be different. You get an accepted offer and 4 months later you are still waiting for that “quick closing”. It happens to me all the time. I have [...]
Copyright, Scott Ficek-2011 Re/Max Advantage Plus MN Real Estate Team 17850 Kenwood Trail Lakeville, Mn 55044 952-898-5800
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