why is it so difficult to find someone to assist in the purchase and showing of a fore closure
every where I search someone wants me to pay for information.
(0) | asked by: cindy hughes | share | 42 months ago | Report
Viewing Answers 1 - 20 of 20
The people who ask for money are NOT Realtors. Sometimes the bank, FNMA or HUD make it very difficult and cumbersome to purchase one of their properties and if the price range you are looking in is low, it just might not be worth the agents time and effort. Especially if you are not their client and show no loyalty to the agent.
Maybe you just have not found the right REALTOR yet. The only issue could be that the foreclosure is not listed with a Multiple Listing Service, which could take a lot of time and the "seller" may not want to sell/list shortly after foreclosed on.
Hi Cindy When interviewing a real estate agent, and a lender, ask if they have experience with foreclosure's. A foreclosure is owned by HUD. Once you find the right team, the process should be very easy. Good luck with your search.
It should not be hard at all. I would be happy to find a Realtor in your area that will work with you.
Cindy, I am sorry you are having a difficult time finding an agent that will assist you. When you are in search of foreclosure property look for an agent that is certified in Short Sale and Foreclosure property. They have been trained in the procedures that these distressed properties require. If you would like to find a certified agent in your area I can assist you and there will be no charge for doing so. Best wishes.
If you called the listing agent on the foreclosure there is a chance the they do not have the time to show the properties. I suggest you pick an agent to assist you that is not the listing agent if you are not getting returned messages.
To show a foreclosure is not difficult because they just need to see in the remarks about access, but to submit an offer has couple steps and needs to be conducting in a professional way to be consider and also to make the numbers to make an attractive offer.
The process does take more time and more paperwork. I have done a few of them, and I don't mind this process. One obstacle I have found with bank-owned properties, is the time limits on getting documents signed and turned in once an offer is accepted... It can be difficult to get these to a buyer and back to the bank within 24 hr time frames.
There are several reasons most agents avoid foreclosures and one reasons is they are not an easy sale plus the commission is low. A foreclosure is sold "As Is" and most bank do not lend money on houses that are not ready to move in. Most buyers are interested in buying a foreclosure because they are cheaper and do not understand the problems that come with a foreclosed home. Problems like clear General Warranty deed, repairs, penalties for not closing on time, submitting bids multiple times to negotiate a sale price, no disclosure, and home inspections problems that the seller will not repair. When buying a foreclosure you can get a good deal or buy someone else headache.
Have you been pre-approved? I know some agents will not show property if the buyer has not gone to a lender and started the loan process. Most agents will be glad to have the business. You should not have to pay for information. It is all over the internet. However the foreclosure market has slowed, and that inventory is low. It all depends on what you are looking for. I have had many buyers who want something I just cannot find. It is a difficult process, that is why it is important to give and get a commitment from a professional. Find a good realtor and you should be fine.
It is a lot more work for the agent....but I would love to help you if you would like. Please remember foreclosures are mostly sold as is and not in the best of shape...so if you are needing to get financing to help purchase a foreclosure....that also is another hard step to get pass. Thank you, Bobby Jean
Find a local experienced real estate agent that will agree to work with you as a buyer's agent on a foreclosure. I have done several foreclosures and would be glad to discuss foreclosures with you.
you can go to thewilmingtonmls dot com and in the filters you can select "foreclosed or bank owned" and you can either see all that are registered in the Wilmington MLS or continue to filter your search from there. IT's FREE!
Many Realtors have never had to bid in to the Homepath system where may foreclosures are located. I have closed 4 foreclosures in the last year. Yell is you want to ask some Qs. 910 617 3394
90% of my business is foreclosure properties. I'd love to work with you.
It sounds as if you happened upon a Broker(s) that were not very focused. You shouldn't have any problem without buying a foreclosure home- that is as long as the home has been through the full foreclosure process and is available for sale. Becky Brown, Keller Williams
There shouldn't be any issues at all with getting assistance unless you just happened upon the wrong Broker. I would be more than happy to assist you. Feel free to contact me so that I can help you get some answers and fast. Becky Brown, Keller Williams
Not sure why you can't get someone to help you, I can help! 910-264-9701 Sincerely, Rushell Bongiorno Coldwell Banker Sea Coast Advantage
It should not be... Call, text or email me for an immediate response Jeff Lesley, Century 21 Sweyer & Associates
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