short sales: Would you complete a BPO for $15? - 09/07/11 08:11 PM
I work for a number of different banks and asset management companies, but one has done something disturbing. First they went from assigning them to agents who were doing a good job to a mass email broadcast where the 1st person to click accept, gets it... that is not the disturbing part, just frustrating after years of loyal work. Then they reduced their fees to a sliding scale where some start at $15 for a drive by BPO up to $35. Interior BPO's are $45. This is 1/2 of what most banks start at for BPO's.For me that does not pay for the gas to … (13 comments)

short sales: WHY isn't my Condomium selling? - 08/16/11 04:48 PM
One of the harder hit segments of the market has been condominiums. It is very common to get questions: WHAT IS HAPPENING WITH THE SALE OF CONDOS? and Why hasn't me condo sold yet?Market condition from area to area are different. Here in Manchester New Hampshire there is a good demand for condos. Condos that are priced right are selling. Right now there are 2 factors. Prices on single families are as low as many condos. Some buyers are choosing single families over condos.   The 2nd factor is banks are not loaning as freely on condos, this is hampering condo sales to people … (4 comments)

short sales: FORECLOSURE NUMBERS DROP for first half of 2011 - read the report - 07/24/11 03:58 PM
Foreclosure numbers in New Hampshire dropped 4.1% to 2102 for jan. 1, 2011 to June 30, 2011 based on the first half of 2010.  The month of June 2011 saw 343 foreclosures compared to June 2010 which saw 377 according to the Registry review. However looking at the year as a whole 2011 is gearing up to hit the 4000 mark where 2010 had 4006 in a year that saw a halt to foreclsoures for 2 months while they worked on foreclosure reviews.Hillsborough county actually saw a rise in foreclosures to 103 compared to only 100 in 2010If you are behind in … (2 comments)

short sales: Do you think the Listing Agent should accompany every showing or not? - 07/12/11 05:14 PM
The debate of whether a listing agent should be at all showings or should not is a long and lengthy one.  Today i had an interesting debate with another Broker. i have a listing that is vacant, not bank owned in which the seller mandates me being there for all showings. This Buyer Broker did not want me present at the showing, he said it was useless that i be there and they were not showing it if i was there. I said that is fine, my seller made me sign that i would be there, it was a deciding factor … (12 comments)

short sales: MARKET UPDATE for Manchester NH for the 4th week of June 2011 - 07/01/11 10:24 AM
Attached is a MARKET UPDATE for Manchester NH for the 4th week of June 2011
Statistics from nneren.com for the period  (June 20-27 2011)  for residential, condo, mobile home and multy family homes.this information is for informative purposes and is not guaranteed.Please see the statistics from May 23-31 2011 http://www.trulia.com/blog/scott_godzyk/2011/05/market_update_for_manchester_nh_4th_week_of_may_2011Please see the statistics from May 15-22, 2011 http://www.trulia.com/blog/scott_godzyk/2011/05/market_update_for_manchester_nh_3rd_week_of_may_2011Please see the statistics from May 8-15, 2011 http://www.trulia.com/blog/scott_godzyk/2011/05/market_update_for_manchester_nh_2nd_week_of_may_2011Please see the statistics from May 1-8, 2011 http://www.trulia.com/blog/scott_godzyk/2011/05/market_update_for_manchester_nh_week_1_may_1-8_2011If you are interested in buying or selling a home in New Hampshire, please feel free to contact us on how we can help you.ONE OF NEW HAMPSHIRE'S LEADING INDEPENDANT REAL … (5 comments)

short sales: Is Real Estate really a 7 day a week 24 hour a day job??? - 06/20/11 09:28 AM
I have an important question and anxiously await your answer and opinionIs Real Estate really a 7 day a week 24 hour a day job???WHY would i be asking such a question you ask? Having spent 25 of my 43 years of life in Real Estate, i have a passion for my job, i love my job and i am good at it. I work 7 days a week for most of the year, it is common to work 10-12 and 14 hours a day when it is busy but there are 2 things i live for. 1. My daughters activities, … (8 comments)

short sales: The most interesting interior paint jobs i have seen - A story in pictures Part 1 - 05/26/11 07:17 PM
I have the pleasure of visiting several homes every week, in this market the majority are bank owned homes. I get to see alot of different styles, designs and colors. I thought is it would be great tio share some of the greatest interiors after visiting 2 seperate but equally interesting houses this week.These are just from this week, stay tuned as i have thousands of pics from 3 years of bpos at 40-50 per week, so as i search them over the weekend, i will be back with some more great paint jpbs in case you are thinking of remodeling … (10 comments)

short sales: MARKET UPDATE for Manchester NH 3rd week of May 2011 - 05/23/11 12:52 PM
Attached is a Market snapshot for Manchester NH for the 3rd week in May (May 15-22, 2011)
Statistics from nneren.com for the period (May 15-22, 2011) for residential, condo, mobile home and multy family homes.this information is for informative purposes and is not guaranteed.If you are interested in buying or selling a home in New Hampshire, please feel free to contact us on how we can help you. ONE OF NEW HAMPSHIRE'S LEADING INDEPENDANT REAL ESTATE BROKERS Updated  May 23, 2011Copyright 2008-2011, All rights reserved
… (0 comments)

short sales: THE DELINQUENCY RATE OF US MORTGAGES FALLS SHARPLY IN THE 1ST QUARTER - What does this mean? - 05/22/11 11:10 AM
On Friday it was announced through Reuters that THE DELINQUENCY RATE OF US MORTGAGES FELL SHARPLY IN THE 1ST QUARTER reaching the lowest level since 2009.The US Mortgage Bankers Association 8.1% if US loands were seriously delinquint which was 50 basis points (1/2 a percent for layman) than fourth quarter 2010 and 144 basis points (1.44%) lower than the same period a year earlier (2010)It was the 5th straight quarter of declines in the delinquincy rate. What does this mean???Well first of all it shows teh housing market is at least heading in teh right direction, it can not fully recover … (10 comments)

short sales: How to kill a short sale in 3 easy lessons. Nevermind the tips on how to complete, you need to watch out for what to avoid. - 05/02/11 09:35 AM
There are plenty of blogs with instructions telling you how to complete a short sale or how to buy a short sale, but none seem to focus on the things you should avoid at all cost that could kill your short sale dead in the water. #1. LISTING PRICEThe most important thing to note is that the listing price is not set by the bank, one of the largest killers of short sales is the listing agent prices the home too low (below market value) and the bank counters at current market value or declines the short sale all together. Hopfully … (5 comments)

short sales: Could you cut your fossil fuel use by 25%? - 04/17/11 09:08 AM
Could you cut your fossil fuel use by 25%?Well the Governor of New Hampshire thinks it's state agencies can, so why cant we all?An executive order in 2005 ordered all state agencies to cut fossil fuel use 10%, the agencies exceeded that goal by cutting back 16% which saved the state 3 million dollars. (just imagine the larger states... they could multilply this by 2,5,10 times this amount)This time the Governor's executive order sets the goal of reducing fossil fuel useage by 25%.The only problem i have... is he set a goal fo 2025, why so late? why not sooner?Which leads … (4 comments)

short sales: My FORECLOSURE "Tip of the Day" for Tue 3/29/2011 - 03/29/11 09:05 AM
Welcome to day 2 of my newest blog, it includes my Foreclosure "Tip of Day" with such topics as buying a bank owned home and for home owners, how to avoid getting into foreclsoure. I hope you come back often as my blog grows. Please feel free to leave a comment or question...TODAY'S TIP OF THE DAY1. BEFORE even starting to look at bank owned properties, Get pre-approved for a mortgage. .The first thing you need to do is be pre-approved for a loan. No bank will look at your offer without it. There is a difference between prequalified and preapproved. A pre … (0 comments)

short sales: Today's FORECLOSURE "Tip of The day" for Monday 3/28/11 - 03/28/11 03:40 PM
Welcome to my newest blog, it includes my Foreclosure "Tip of Day" with such topics as buying a bank owned home and for home owners, how to avoid getting into foreclsoure. I hope you come back often as my blog grows. Please feel free to leave a comment or question...TODAY'S TIP OF THE DAY1. Never open the refrigerator in a bank owned home. You may not like what you find, see or smell.Alright... i hear the moans that this was my number 1 tip, well what is common sense to Realtors or investors may not be common sense for a owner … (4 comments)

short sales: Has Anyone seen Spring? It came and went - did it take the RE market with it? - 03/28/11 08:32 AM
Here it is nearing the end of March and there are no signs of spring to be found. A week before the official start of spring the weather spiked up to 60 for St Patrick's Day and then 70 the following day only to be followed by a swift cool down and a return to winter. For that week the signs of a spring market arose out of one of the most punishing winters in years. The snow was melting, i could see the lawn, the flowers were poking through the frozen earth, the Robins arrived and buyers other than investors were filling up … (5 comments)

short sales: The REAL "BANK OWNED" HOMES of America- A story in pictures that you do not want to miss - part 13 - 03/22/11 08:59 AM
The REAL "BANK OWNED" HOMES of the America- A story in pictures part 13Todays "Foreclosure" of the day
 Every now and then i come accross a home that beats out every other, this one was one of those.A large part of our business these days is REO " Bank Owned" homes. I receive so many comments how i can work with these "crooks" etc.... But there is another side to this story... by no means is any of this alright.... As you all know, as part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed … (2 comments)

short sales: SHOULD I BUY A SHORT SALE OR A BANK OWNED HOME? - 03/15/11 08:43 AM
One of the most asked questions from buyers wanting to jump into the market is "SHOULD I BUY A SHORT SALE OR A BANK OWNED HOME?" All the buyers have the same goal which is to get the best possible deal as prices stabilize and start heading up as we come out of recession.The simple answer is iIt clearly depends on the amount of time you have to purchase and if you have the patience to be able to wait out a short sale. Short sales can take a long time to get approved and your offer is not guaranteed to … (0 comments)

short sales: How to get your offer accepted on a Bank Owned home and what to avoid at all cost. - 03/07/11 09:02 AM
One of the largest myths in making offers to bank owned homes or even a short sale, is the media or these late night infomercials telling buyers to offer a certain percentage off the asking price of a property; Especially bank owned homes.

You should never base your offer on a percentage off an asking price. You do not know if that asking price is at market value, if it is priced way above market value and your percentage off may be too low or the asking price is already below market value and your offer would be way to low.
… (0 comments)

short sales: Can a Real Estate Agent get bored? - 03/04/11 08:58 AM
Good Morning All,Yesterday i had to visit one of largest Real Estate companies around to drop of a signed contract. As i waited in the front desk area for the agent to come out, 2 of their agents were having a loud conversation in their front office area. The one lady said to the other agent 'I am so bored" The other replied "There is so nothing to do". I thought to myself how can a Realtor be bored, When you work for yourself.you get what you put into it. She then said to me "Well Scott you have a smaller … (10 comments)

short sales: The REAL "BANK OWNED" HOMES of the USA- A story in pictures part 10 - 02/17/11 08:57 AM
 
The REAL "BANK OWNED" HOMES of the USA- A story in pictures part 10Todays "Foreclosure" of the day
Good Morning all,
During my last couple of posts, i received a comment that has stuck with me this week as i have been through a good 20 new foreclosed homes since Monday. The comment asked me to think of the pain the family and kids felt because of the foreclsoure. I wrote a response to them while keeping this in the back of mind. The majority if new foreclsoures are trashed, completely wrecked on purpose. More than half the properties we have found … (0 comments)

short sales: Do You complete BPO's? If so heed this caution and warning - 01/26/11 05:27 PM
Do you complete BPO's? Do you know the hazzards of attempting such a feat?Recently i wrote a blog with the top 10 Safety tips for BPO agents but was buried with far more emails of why they would need to use caution than i received comments on my blog. It spurred me to write this blog to expand my previous thoughts.BPO's known as a Broker Price Opinion to non-agents is like an appraisal. The banks use them before a property is auctioned at foreclosure and again after the home is taken back. Nowadays they are the largest tool in determining whether a short … (1 comments)

 
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Scott Godzyk, One of Manchester NH's Leading Agents

Manchester, NH

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Godzyk Real Estate Services

Address: pob 4783, Manchester, NH, 03108

Office Phone: (603) 661-2121

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Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Sales, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.


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