Buying Distressed Properties
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Distressed Properties
Many of the homes for sale today – as many as half in some markets – fall under the category of “distressed properties.”
These are homes that have either gone through foreclosure or are being marketed as “short sales.” In a short sale, the homeowner can’t afford to maintain the mortgage, but the lender – rather than foreclosing – agrees to the sale of the property for less than the balance of the loan.
Distressed Properties can be difficult to deal with
Distressed properties tend to have different dynamics than traditional sales – with more paperwork, often a longer transaction process and, in some cases, more frustration. For these reasons, many buyers shy away from foreclosures or short sales. However, if you understand the potential pitfalls of purchasing a distressed property – and work with an agent who has a thorough knowledge of this market – you can get a great home at a great price
Why you should use a realtor to buy your new home!
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With the complexity of real estate transactions today, the disclosure that’s required, security concerns and so much more, using a Realtor to sell a home is just the wise thing to do. A professional Realtor will take care of all the functions that sellers themselves either can’t do – or can accomplish only with much difficulty.
Realtor Marketing
I always say that you can sell an Oriental rug in a garage sale in Denver, Colorado, or you can ship it off to Sotheby’s. Where are you going to get the best price? Sotheby’s, A Realtor will place your listing in the multiple listing service, where all agents in the market will see it, but that’s only the start. He or she will work with you to market your home, both to consumers and within the real estate community. Marketing strategies may include flyers, online exposure, “Just Listed” notices and networking with other Realtors.
Realtor and Home Pricing
A Realtor will compare prices of recently sold homes in your area, consider features unique to your home, and use all of his or her expertise in helping you arrive at the right price to get your home sold in timely fashion. Most will provide a Comparative Market Analysis for free. Realtors keep buyers and sellers realistic as to what market conditions really are. View similar recently sold homes in your neighborhood.
Locating and Qualifying Buyers
Buyers are frightened by for-sale-by-owner properties and they distrust them. They don’t drive up and down streets looking for homes for sale. And they don’t have easy access to home values, which Realtors can provide. When you list with a Realtor, it increases the odds that the right buyer will discover your home. And a Realtor will make sure that anybody who goes through your home will be qualified to purchase it and not a looky-loo, or worse.
Negotiating
Selling a home is very emotional. When buyers and sellers are working directly with each other, they’ll often nitpick and try to get the last word in. A Realtor serves as a buffer between the buyer and seller and takes much of the emotion out of the process. Another thing: Sellers who use a Realtor traditionally get a higher price than those who sell it themselves
Is it the right time to Sell?
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Are you ready to buy your dream home? But concerned about selling your present home? We can put your concerns behind you. We can guarantee the sale of your present home. So you are able to proceed with your next move. If you are interested in learning more about our “Guarantee Sale Program”
You can automatically receive personalized MLS listings by
e-mail. Our local MLS allows us to enter you as a “Prospect” and time a new listing is input that meets your critria, we are notified and we can notify you immediately with the latest listing information!! Simply choose Dream Home Finder and fill in the requested information and we will be in touch with you.
