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It doesn't mater how desperate the seller is, in this market, the house is going to sell for the listing price or more in very little time. Desperate sellers are not having to sell their property for half price in order to get it sold fast.
If the seller has a good agent and tells the agent he needs the house sold fast, the agent will list it at an attractive price and it will sell fast. That means 1-2 thousand under market, not 60% off.
You can do that postcard mailing thing and post "we buy houses" signs around town and hope to catch someone who hasn't listed yet.
You have a better chance of getting a lower price if you can do some fixing yourself. But know what fixing will cost because in my town, at least, the fixers are not priced to leave room to fix them all up. The fixer will end up total cost all included, more than buying a finished turn key house.
I've seen websites where they list foreclosures. Can't remember what they are called. You could probably google it.
Your county tax assessor will post the address of houses to be auctioned off for unpaid taxes or foreclosure. That list will be at his office and is probably in the local paper in the classified section.
I've seen websites where they list foreclosures. Can't remember what they are called. You could probably google it.
Your county tax assessor will post the address of houses to be auctioned off for unpaid taxes or foreclosure. That list will be at his office and is probably in the local paper in the classified section.
The real concern for the listing agent and the buyers agent, and it is material information to share:
1. Is the house headed for foreclosure, as in, has the seller received notice?
2. Can the seller afford to sell the house? Does seller have equity or funds to bring to closing so title can be cleared?
These are material facts which a seller should be asked to confirm.
Being behind in payments is not really material, as long as the house can be sold and closed.
Being on notice or "short sale" bound certainly should be disclosed.
There seem to be any number of 'code words' in 'Realtor-Speak' that mean something else:
Motivated seller/'bring all offers': Overpriced, but willing to drop price and negotiate; Alt. 'It's been on the market for a while and owner is finally willing to begrudgingly drop the price'
Charming/cozy: Small
Must See: Tough sell, but, maybe if the realtor can get you there in person
Ocean/water view: Stand on toilet and look between buildings for a glimpse of the water
Needs TLC: In poor condition
etc.
And then, there are the wide angle pictures that make a closet look like a den ... and kitchen appliances appear to be 5ft wide.
LOL, I've noticed this, too. The distortion makes any room cavernous!
4 - Find their Facebook page of the owners AND their relatives (it's pretty easy to find those names, too). You'd be amazed what people put there.
5 - Have a look at the tax assessor records. If they haven't paid their RE taxes, you KNOW they have a problem.
Eh. I would not pay my taxes if selling. Let the closing attorney/title company take it out of my proceeds.
Now.... If they are unpaid for a few years, that's a potential issue.
I had a client google her buyers years ago.
It probably cost her at least $30,000. Maybe more.
"They cannot afford my house." So-o-o-o.... They just went down the street and paid cash for a similar house.
IOW, people often have no idea what to do with what they find on social media or the internet in general.
She closed months later for $25,000 less, after doing a list of unnecessary expensive "updates" and repairs for a listing agent who charged her more.
Good luck with that in the current market(s) unless your particular location is the exception to the current rule.
I will be looking in about six months
willing to buy a house which needs a LOT of cosmetic work as long as it is livable and no major structural problems
willing to wait as long as needed for the right property
I will be looking in about six months
willing to buy a house which needs a LOT of cosmetic work as long as it is livable and no major structural problems
willing to wait as long as needed for the right property
You don't get deals right now regardless of seller motivation. Deals happen in a buyers market where there is a surplus of listings.
You don't get deals right now regardless of seller motivation. Deals happen in a buyers market where there is a surplus of listings.
what is your best advice in current market ?
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