bank owned properties: Multiple Offers on Bank-Owned Properties - 04/10/09 09:45 AM
I understand offers come in on bank-owned properties and the listing Realtor submits those offer to the asset manager and the asset manager holds on to the offers for several days (or weeks in some cases) waiting for higher offers to come in. What I find in some cases, is the listing Realtor will tell a fellow Realtor representing the buyer, there are multiple offers in on the property but will not reveal any information of what the offers are. I understand to a certain degree that they represent the seller and their best interest, but refusing to give me an … (0 comments)
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bank owned properties: There's Nothing Short About a Short Sale! - 03/16/09 01:29 PM
Short sales dominate the real estate market. It is difficult to go through a list of homes and actually find a home that isn't a short sale. I get excited when I find my buyer a home that is the traditional seller to buyer type deal. Short sales are here to stay for at least the next few years so it is imperative for buyers to work with a real estate agent that knows what they are doing. A short sale is a complicated. long drawn-out process that really puts a buyer to the test! A good real estate agent will … (0 comments)
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bank owned properties: Online Buyers: Get a Realtor Now! - 01/22/09 03:03 PM
Many buyers today start their search for the perfect home on the Internet. While it is a great way to start your search, you should contact a Realtor when you are serious about buying. As a buyer, you pay absolutely nothing to your Realtor for the loads of work they do for you (their commission is paid by the Seller of the home you are buying). Therefore, going at it alone in this crazy market is ludicrous!
Don't assume the Web is all you need to purchase a home. Buying a home in a market where short sales, foreclosures and bankowned … (0 comments)
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bank owned properties: Buyers and Sellers Need to be Educated on the Short Sale Process - 10/06/08 01:42 PM
Lets face it, we have another 4 to 5 years of short sales, foreclosures and bank owned properties in the Tampa Bay area. It is unfortunate, but it is reality. The bulk of the homes that are currently on the market are short sales so it is important for Realtors to educate the buyers on the short sale process. If a buyer is in a hurry, then a short sale probably isn't a good option for them because it could take three months or more for the bank to either approve or disapprove an offer. The buyers also needs to understand … (1 comments)
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