My guess is you are confused and actually thinking of buying an REO, short for Real Estate Owned by the bank. Foreclosure is a trigger word. A word agents know you will call them about. Something they set the expectation of being a great value for the money. These agents […]
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Years ago I took a listing only to hear, “I cannot make my loan payment”. There was around $70,000 in equity and the client was at risk for loosing it all. I encouraged her to explain her hardship to the bank and request a forbearance. That is, ask the bank […]
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“No money down”, initially a free home, is often a very bad idea… Notice: JavaScript is required for this content.
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I tell my clients, “please do not leave me without a CLUE.” There are several references to a home claims history, which reports on insurance claims if any taken out against the property. These home insurance claims history reports are sometimes also referred to as “Letter of Experience” or “CLUE Report”. […]
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So you’re wanting to purchase a foreclosure. That’s a great idea, however, you’re confused in more way than one. First, it’s not a foreclosure. Let me explain. Notice: JavaScript is required for this content.
Read MoreMost folks go into a price reduction blind as a bat. They haven’t a clue as to whether the price reduction will have any effect. Or worse they don’t know if something else other than price is the real issue. Let’s take a look at exactly how you can prepare for a […]
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We seldom see increases in list price. Let alone that home selling at 17% over the original listed price. So you ask, “How is this possible?” Let’s start by admitting you’re lazy. Notice: JavaScript is required for this content.
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It was spring of 2016. I got a panicked call from a listing client of ours. This listing got a full price offer for $220,000 and it was to close in a week. The seller, our client, did not want to do anything to loose the sale. When they were moving out […]
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One of the biggest mistakes I see people make is failing to explore communities before they preview homes. They look online exclusively or they rely totally on their Realtor to find their home. They never hop in the car and cruise around town. They never drive by any of the […]
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I had a client with cash in 2012 and a unique situation. She had received a cash settlement after being in a car accident. Her rental lease expired the month I her as well. Extending the lease would mean loosing the money to buy the home. So we QUICKLY found a home and got […]
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