Daily Archives: December 30, 2014

Four Websites To Make Your Real Estate Investing Business Run Smoother.

danley-genetors

danley-genetors

MyrtleBeachOnline.com

Real estate leaders see continued growth in Myrtle Beach-area home sales
MyrtleBeachOnline.com
New homes for sale at the H&H Homes Green subdivision. Grand Strand real estate leaders see nothing on the horizon to keep the single-family home market from the march that began in the fall of 2013. THE SUN NEWS FILE PHOTO ...

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First time home buyer here. Why are my mortgage broker and real estate agent discouraging me from making offers on bank owned properties?

Sun, 01 Jun 2014 07:06:10 -0700

Hi Guys,

First time home buyer here so I might have some questions that seem pretty obvious. So I am looking at buying a condo. I'm 25. I currently live with my parents rent free. I am seeing alot of great bank owned properties on the market and I would love to make an offer. Downside is, I don't have the full amounts in cash most of the properties are asking for. So I will be putting a 20% down.

My mortgage broker and real estate agent strongly discourage me from going after bank owned properties. They say it takes too long to hear from the bank. This annoys me because, I currently live at home so its not like I URGENTLY need to find a place. I have the time to wait it out.

Are they just being lazy because its the same amount of paper work for less commission? Does anyone have experience buying bank owned properties without the full amount in cash? How long did it take to hear back?

Thank you for guiding a newbie!

edit: Thanks for the advice guys. I just wanted to add that I'm thinking of buying a condo, and not a house. NOt sure if this makes a difference in anything. I also live in NJ.

edit 2: Wow! I just checked back on the comments and never expected to get this much. Thank you so much for taking time out to respond to me. I'm sorry If i don't get a chance to directly thank you. Please know your advice is greatly appreciated.

submitted by anonchick123 to personalfinance
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Real estate for sale in Pennington New Jersey – MLS# 6185640


New York Observer

EXCLUSIVE: Mr. Brainwash Is a Real Estate Mogul
New York Observer
The wealthy have for a long time viewed art and real estate in a similar manner; investment vehicles to accumulate, show off, and increase fortunes. While there are many successful real estate moguls who buy and sell art, you do not often see the ...

denver_realtor here. Let's talk about the Denver real estate market. AMA!

Sun, 23 Mar 2014 09:01:31 -0700

Hi Reddit! denver_realtor here.

I’m a Realtor with a real estate brokerage firm in Denver (I’m not going to mention them, but you’ve certainly heard the name), and I’ve been helping buyers and sellers buy and sell homes throughout the Denver metro area for the last 9+ years.

Here are some stats for the Denver market in 2013:

Number of sales: 62,256

Average sold price: $303,621

Median sold price: $251,000

Average days on market: 52

Average sale price to original list price ratio: 98.5%

Let’s talk about the Denver real estate market. AMA!

Verification has been sent to mods.

EDIT:

Wow, lots of responses! First off, I should have noted that as a Realtor I focus primarily on buying and selling – not renting. I’m not very familiar with the rental market so I may not be much help for those questions. I’ll answer what I can though.

I'm working my way through your questions as quickly as possible. I’ll be in and out today, so please be patient. What I can’t get to in the afternoon I’ll try to get to tonight. Thanks!

EDIT2:

Signing off for a few hours but keep posting questions and I'll be happy to answer them as quickly as I can when I return this evening!

EDIT3:

Thanks Reddit! This has been a lot of fun! Signing off for the evening, feel free to PM me with any additional questions! Let's do this again sometime!

submitted by denver_realtor to Denver
[link] [180 comments]