If it sounds too good to be true part II

Here is an update;  

 We have a total of four investors that we have pointed the property out to. The most promising one is also looking at buying a new personal home at around $500,000. If they don't purchase the new personal house I think they will buy the XXXXX house.  

The second investor already has two houses in Hampton Cove and is looking for another. They have tenant problems in one of the houses and want to sort that out before buying another.  

The third is an out of state investor who wants to buy multifamily property. Because of the inherent risk and difficulty in reselling multifamily I am doing my best to shift him to single family. For now he is still focused on multifamily. Don't you have a multifamily here?  

The last is a relatively new client just starting to look at Huntsville houses for sale . I don't have a read on her yet on how fast she wants to move.  

I haven't gone outside my personal group of investors yet but will if needed.   Regarding the Tenant;   XXX  has an investment property in Florida. When the market failed he needed to get a loan modification. Someone advised him to miss three mortgage payments to prove hardship to get the modification. He followed the advice, got the modification but the three missed payments are making funding difficult. He is going to the company that did the loan modification to ask them to remove the three missed payments from his report.  When I met with him today I suggested he go to this lender and ask if they could fund him. William lit up and said his contact at the lender said "If I were reviewing your application I wouldn't have a problem with approving you." He should know by Friday if this lender will fund him.  

If none of the above works and you would consider letting us market the house we would do so on a month to month basis and at a 5% fee. If you planned on listing at $199,000 you could drop to $197,000 without effecting your net.  

Realtors sometimes use advertising, telemarketing and exaggerated claims of how quickly they can sell houses and that they can sell for more than any other realtor to attract business. Such claims are always based on flawed data. Selling houses is simple. Properly price it, prepare it for showings and present it to as many buyers as possible. Over 98% of all transactions are a result of the MLS and two cooperating realtors. While I won't speak ill of another realtor I will furnish MLS data and let you draw your own conclusions.    There is a house across the street from yours that has been on market since 8/11/09. Please go to www.valleymls.com  click on property search on the top left hand side. Scroll down to MLS number, paste  XXXXXX  in the field and hit search then List View.  I think you will be surprised.  

The table below is to the listing's history. Realtors can easily set up a search for every expired and withdrawn listing then have a telemarketer or inexperienced realtor with a script start pinging the owner. Note that when the listing below expired (In your case we withdrew your house when we rented it.) The current broker picked up the listing. They have had it for almost six months without a sale. It is currently listed at $102 psf. the average sold price in the neighborhood.  It has been on market for about 150 days, well over the average 111 days on market for the neighborhood.  

If it sounds too good to be true........  

Search Criteria: Status <> XF|(street name like XXXXX)|(street num = XXX)