advice: Disclosure is Not an Option Even for REOs: Part II - 09/29/09 05:50 AM
So you are working with a buyer and are in a market where 60% of the listed properties are REO’s and 35% are Short Sales.  Realizing the likelihood of a short sale closing, you and your client try to find the elusive, “normal sale” but end up looking at REO’s too.  You find an ok looking REO.   The MLS comments clearly state there will be no seller disclosures provided. 
  What do you do to represent your client when they say they want to write an offer on such a property?  Comply with the instructions from the seller/listing … (4 comments)

advice: Disclosure Is Not an Option Even if it's an REO - 09/04/09 03:37 AM
Speaking strictly to listing agents/brokers of REOs, are you sure you want the liability? 
In Arizona, the latest craze is going after the REO listings.  Obviously, there is money to be made in any market as long as you are able to adapt to the changes in the market and right now with REOs dominating the share of properties for sale, a lot of agents are jumping in with both feet to get these listings.
This post is geared to Arizona agents, as I am not familiar with other state's revised statutes.  If you have a specific statute in your state … (7 comments)

advice: Getting a "Good Deal" in real estate. - 10/08/08 12:38 PM
So what is a deal anyway? Often I have heard from buyers that they will buy a property as long as they can get, "a good deal on it." So the question, "What is a deal?" needs to be clarified. For some it is buying a house "below market value." For others it is, "a property that can be fixed up and resold in a short period of time for a profit." For others it is "a place tomake our home that we can afford comfortably." and for others it is a property that can be bought and rented for close … (7 comments)

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Hercel Spears

Tempe, AZ

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Advanced Realty Education HomeSmart Realty

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