bank owned: How negotiable is that Foreclosure property?
- 04/24/09 04:16 AM
I think there is a misconception on Foreclosures, working foreclosures is not an easy job you must educate your buyer so when he/she finds a foreclosure they like they don't loose it because of putting unrealistic offers. I have noticed specially in the last couple of months that when a really good foreclosure comes out- and I will limit this to the Brickell area- there will be multiple offers on the unit and if the unit is located in one of the higher end buildings the unit will sell for more than asking price. So how would you answer the question … (0 comments)
bank owned: Are they Giving Condos away in Brickell??
- 04/20/09 03:42 PM
You would think they were by the conversations I sometimes have with investors coming from other countries to buy a condo in the Brickell area. There is just such a misconception out there regarding the condo market in Brickell. Having been actively working the foreclosure market in the area I can tell you that yes prices have dropped dramatically -specially with foreclosures. Yes, there are great deals out there, I actually sold a 1 bedroom condo for $114K a couple of months back. Granted the building had numerous foreclosures and the Association was running almost with no reserves, yet this was … (1 comments)
bank owned: Foreclosures .....advantages to a short-sale
- 07/28/08 04:46 PM
A client asked me once what do you prefer -working a short-sale property or a Foreclosure? Well the answer for me was simple. I prefer a Foreclosure, why?? Well mainly because the entire process will take a lot longer on a short-sale property regardless of what anybody tells you, if your client is not ready to wait 2-3 or even 4 months there is a possibility the client will get tired and walk out of the deal. Short-sale of a property occures when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release … (0 comments)
I think there is a misconception on Foreclosures, working foreclosures is not an easy job you must educate your buyer so when he/she finds a foreclosure they like they don't loose it because of putting unrealistic offers.
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