Multiple Offers On Short Sales/Foreclosures

Nothing is more disappointing than working with a buyer, especially first timers, that finds the perfect house, and they think because it's a foreclosure, they're getting a heck of a deal. (You can definitely get an awesome deal on a foreclosure, but I'm not talking about good deals.) I call the listing agent to see if there are any other offers on the table, and there are. So I advise my clients to make there highest, and best offer, so we do not get in bidding war, and they do not lose out on their "perfect home". I guess it is experience that gives me the ability to know these little details, but isn't that why people have a Realtor helping them? Because they don't know everything about what they are doing when purchasing a home? This scenario has happened to me twice now, on multiple offers, with two different first timers. (I think they now get it) but look at how much time and energy we wasted on other offers because they would not even offer asking price.


Maybe I need to sharpen my skills with getting them to understand why I know what I am talking about. I even suggested they call some past clients of mine that made 3 offers on foreclosed houses and didn't get any of them because they did not bid at least asking price. My advise to buyers when looking, and considering an offer, on foreclosed homes would be to have your agent call the listing agent, if they don't do it already (which they should) and if there are other offers on the table, offer close to asking price, especially if you are asking for closing costs.

For more info about buying foreclosed/short sale properties, go to: http://www.greenvillerealestategirl.com/


'Nothing good comes in a hurry'

Lindsay Saunders, Realtor and REO Specialist

Keller Williams Greenville Central Partners

864-607-0479

Saunders@kw.com

http://www.greenvillerealestategirl.com/

Mortgage Modification Program

Although I don't really agree with the whole mortgage modification idea, I don't think that the homeowners that are applying for a loan modification should have to go up against fraudulent companies. I feel that the loan modification is just delaying the inevitable which is not good for anyone. I cam across an article that was explaining how the FTC is kicking around the idea to propose a ban on all mortgage relief companies from charging an upfront fee. The link for the article is below.
http://rismedia.com/2010-02-08/ftc-proposes-rule-that-would-bar-mortgage-relief-companies-from-charging-up-front-fees/
I had a seller/friend who called me because she was several months behind on her payments, was having a difficult time finding work, and had little to no money. I had discussed her options with a short-sale, and thought that was what we had agreed upon. Until she called me the next week to tell me she had received a letter in the mail that stated she could modify her loan, and get out of delinquency, for only $400. I'm not going to go into the details, but to make a long story short, she went ahead with the $400 modification. Guess who called me last week??? Apologizing for the mistake she made and how she lost the $400 because they couldn't help her, etc, etc, etc. Really?? Who is going to modify a loan for someone who doesn't have a job or income??
If you, or someone you know, is facing foreclosure, or is behind on payments, you have options available that can sometimes stop your from destroying your credit. I am an REO certified specialist, and I can help you decide what is the best option for your situation. Not to mention, sometimes Realtors have investors who may come buy it straight from the bank, and give you cash for your keys. It's happened to me.
Not in SC? I can help anyone, anywhere, buy, or sell, real estate.

Lindsay Saunders, Realtor and REO Certified Specialist

Keller Williams Greenville Central Partners

864-607-0479

Saunders@kw.com

www.GreenvilleRealEstateGirl.com

Serious Sellers Need to List their Homes NOW!!!

Stop kicking tires!!!! If you are thinking about selling your house, you need to list it now to take advantage of the stimulated buyer market that will soon expire in April. Although you may not be able to sell your home for what you want to get out of it, or what you may think it is worth, however, it could be worth even less if you wait. As the buyer pool dries up in April with the expiration of the tax credit, we will start to see interest rates go up. Not to mention the millions of houses that are referred to as "shadow inventory" that have been foreclosed on, and the banks have not released. But you better believe that when on bank starts to release those "shadow" properties, all the banks will start to release them. Do you know who foreclosed in your neighborhood? Or in your area?? Don't find out the hard way. Click below to read more about our nations housing inventory.

http://rismedia.com/2010-02-08/number-of-for-sale-homes-increased-2-9-percent-in-january-2010-according-to-ziprealty-housing-report/


I can help anyone, anywhere, buy or sell, real estate.


"Be the person you want other people to be"

-Gandhi

Lindsay Saunders, Realtor and REO Certified Specialist

Kelle Williams Greenville Central Partners

864-607-0479

Saunders@kw.com

http://www.greenvillerealestategirl.com/