mn eal estate: The 5 Most Common Complaints of Short Sale and REO Buyers (and How to Avoid Them)
- 05/05/11 10:16 AM
Roughly forty percent of the homes for sale on today's market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation for causing buyers to become distressed, too! Transactional snafus, last-minute surprises and long, drawn-out escrows that never close seem to be par for the course. Instead of avoiding these properties altogether, get educated about the most common dramas that go down in these deals, and how you can avoid falling victim. 1. Run-on (and on, and on) escrows. When you’re buying a … (0 comments)
Some Author Information: Rochelle Allison believes there are many qualities and skills that go into being an excellent real estate professional – integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how she works.
Serious posts about life in Saint Paul and surrounding areas. Posts with questions and issues that buyers, sellers and investors should consider as well recommendations and comments about local restaurants and shopping. We like to eat local, shop local and share our experiences with our readers.
Roughly forty percent of the homes for sale on today's market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation for causing buyers to become distressed, too! Transactional snafus, last-minute surprises and long, drawn-out escrows that never close seem to be par for the course. Instead of avoiding these properties altogether, get educated about the most common dramas that go down in these deals, and how you can avoid falling victim. 1. Run-on (and on, and on) escrows. When you’re buying a … (0 comments)
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