The Real Estate Hall of Shame - How Not To Use Equity In Your Home - 07/21/11 03:15 AM
The Real Estate Hall of Shame - not sure if anyone has built one yet, but I found a property today that could qualify as a good place to house the "How Not To Use Equity In Your Home" exhibit.  I think it used to be Homer Simpson's place.  He lost it to foreclosure.
Lets take a peek behind the scenes and see how this property might qualify for Poster Child status on the Real Estate Hall of Shame:
Lets see...Homer bought it in 2001 for a little under $300,000. Bear Stearns got it for $465k last fall.  Don't see any … (6 comments)

"Can I Put In A Really Low Offer On This House?" - 07/19/11 11:07 PM
Buyers often ask me "Can I put in a really low offer on this house?"  The short, simple answer to that is that anyone can offer whatever they wish on a property.  What really matters is if the offer will be looked at...and even considered.  A few times I've had clients who really, really liked a particular home, but ended up heartbroken because, in their attempt to "get a steal" because "it's a buyer's market," they either poisoned the seller against them or wasted time in a competitive foreclosure market by offering w-a-a-y below asking price.
Lets take a look at … (16 comments)

 

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