Found Property ..now What?
I found a vancant property...Looks like it has been vacant for a while. It is the far worst looking house on the block and actually surrounded by nice houses. What is the best way to find the owners?......
What is the best way to approach this situation?
Any info would be appreciated....thanks
Thank You.
as the owner. It is still vacant, grass is dead, house run down and for sale sign (with disconnected number) in front. Is this something I should persue?
I found that it actually was bought mid November. It has a company name (ending with "real estate investments"
If so what should be my next step?
I also just found out it has $4228 of back taxes due!
monkfish and jimandlacy are absolutely right.
I just picked up a place through a realtor with a FMV of 125K. The seller was asking 120k, then dropped it to 100k as they needed to sell fast. I offered 75k, they countered with 84k, and I said…okay, if you pay my closing cost. They agreed, and the deal was done.
I may start to change my opinion about using a Realtor before long guys ...
Congrats on your successes...
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As an agent I always asked the seller to write rejected on the first page of the offer and sign on one side of the margins...
But there are a ton of agents who do not and would not do this...
If you’re uncertain either call the brokers or ombudsmen at the local Board of Realtors
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As an agent I always asked the seller to write rejected on the first page of the offer and sign on one side of the margins...
But there are a ton of agents who do not and would not do this...
If you’re uncertain either call the brokers or ombudsmen at the local Board of Realtors
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It is legal to present the offer (terms) to the seller on the phone and verbal rejections fulfill legal requirements for most offers. It does not mean it was not presented to the seller. There is no obligation of the seller to sign anything just because he does not accept your offer.
True and in a market where there are multiple offers it may be a good business practice to have the seller at least acknowledge that they have been presented with the offer.
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TO: Ibuyhousesinc
You mentioned Multiple offers..........
If I call a agent, and they tell me the House Is Pending, or under contract.........Can I tell them I want to put in an offer? How does that work?
Thank you!!
There are required to present all offers verbal or in writing unless they have been instructed not to by the seller.
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What if the seller is Fannie Mae?
Quote:
On 2006-01-08 17:45, IBuyHousesInc wrote:
There are required to present all offers verbal or in writing unless they have been instructed not to by the seller.
"...unless they have been instructed not to by the seller."
Check specific state laws. Apparently there are variations.
I am required to present all offers, period.
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Mike J
Elevate Your Game![ Edited by mikejaquish on Date 01/08/2006 ]
sounds too complicated. i want to hear more about the sex change
This beyond me. If you figure out anything more on this guy to get title sorted out, please let us know what you did.
Colin
sounds like you may have a motivated seller. See if they will sell it to you.
More info. is needed. Are you on a lease or month to month? Do you want to move or stay? Do you have interest in buying the house?
Getting on the HUD for a fee is not difficult, provided that the fee is not sizeable compared to the purchase price. But the tough part is for someone to get financing on an assignment.
I always make my assignment contract CASH only. The only exception is if I am working with an individual or a company that have previously and recently financed assignments - a savy investor. They can be financed, but you have to either be very lucky - that the underwriter does not notice the morgagor is not on the P&S - or have a closing agent that will allow simultaneous close.
You are assigning the interest in the "P&S first dated January 3, 2005 between Selelr and Buy". If they write up a new contract, then there are two contracts in effect for the same property. That is not legal. And your assignment is for a contract that they are not even using for closing.
I do not understand why you want them to sign a contract that is not the one referenced in your assignment contract.
what is the advantage of having them sign a new contract anyway - how does that help the original buyer get their money?
A hard money lender will have no problem with an assignment fee as long as the numbers still work.
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