How to Buy a Foreclosure ?

By
Real Estate Agent with Keller Williams Realty Professionals BK694889

A video to see, take a look and please laugh first, and last.

My answer to "How to Buy a Foreclosure in Fort Lauderdale" is simply, find a great experienced agent express your loyality and work hard together to find the right properties. You wont get them all but you will invest wisely and be sucessful. Beleive me the listing agent is much happier working with a buyers agents who will do most of the work for them by preparing the offer correctly, than answering your call.

The other day a friend who I respect and value my relationship with, responded with this link above in the midst of a proper and detailed responce to my clients foreclosure offer. This is an agent who in the first quarter I will do two deals with ( his listings ) and hopefully 10 this year, so needless to see we have a relationship I value both on a business and personal level. The video however I though was a bit differant.

As a Fort Lauderdale Realtor who has been around for years I often have buyers for Fort lauderdale Foreclosurers. We spot them quickly and many times know the agents who have them well enough to at least get a responce. As I watched this video, I laughed, I laughed again, and I tried to continue to see the humor. Then it hit me I own stock in numerous banks, have they seen this video. Do they understand that they have created a sitaution where often the assets that as a stock holder I own a part of are being sold at less then market value because agents don't allow the market to take hold. How hard is it to figure out when properties are sold over and over to the same investor and relisted with the same office and resold shortly after, the first sale was not an arms lenght agreement. The quickest and easiest may to stabize this real estate market, is by forcing the banks to behave like they are a part of this market. We all know they need to act on short sales faster, but how about limiting the numer of forclosure listings per agent, how about listing them with the top ten agents in the area ( not tradtional foreclosure agents ), how about requiring the listings to be on the market for 30 days. Want to stablize this market, stablize the banks by forcing them to participate in the sale of property like everyone else. Take away their bailout funds and let some of the agents who are still thriving in this market prove to the banks that by marketing and selling forclosued properties with the attention they deserve they can get market value in a timely fashion. Interested in buying Fort lauderdale Foreclosures we can set you up on our priority buyers team, you will receieve an autonotification the moment the property is listed and when you are in Fort Lauderdale, we will get together to get the entire process in motion so when the right property does become available we can present your offer first. This week alone we secured two Fort Lauderdale Foreclosures for out of time clients will be down to see them during their inspection period.

 I am still trying to laugh about the video but it is a sad commentary on the state of or market.

 

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Rainmaker
288,298
Cherry Wings Realty
Cherry Wings Realty - Traverse City, MI
Your Traverse City Michigan Realtor

Eric:

Loyality to your Realtor is so important.  I hope that clients realize that we don't get paid until the sale closes and that we do not get reimbursement for our expenses from our Broker for things like mileage, lunches, etc.  We count on our clients being loyal and allowing us to do our jobs.

Mar 18, 2010 10:08 PM #1
Rainer
60,622
Pam Turner, REALTOR®, e-PRO®, SFR
Century 21 Belk Realtors Dalton GA - Dalton, GA

How funny! And what a terrible idea to pursue a foreclosure without the help of an experienced agent!

Mar 18, 2010 11:42 PM #3
Rainer
26,646
Eric Miller
Keller Williams Realty Professionals - Fort Lauderdale, FL
Award Winning Fort Lauderdale Real Estate

Since this article was written we have represented numerous buyers on three foreclosurer sales. Those three properties had a total of over 20 offers. We have executed two contracts and one is still floating. Every agent with foreclosurer listings behaves differantly, if you are buying a foreclosure having an expert on your side is the only way to go.

Thanks for all the replys

 

Apr 05, 2010 12:11 AM #4
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Rainer
26,646

Eric Miller

Award Winning Fort Lauderdale Real Estate
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