Buying Pre-Foreclosure / Short Sales Homes
Step 1 Finding and filing properties
Develop a system to keep track of properties that interest you. A good tracking system is important since most pre-foreclosure buyers pursue many properties over a period of several months.After you find a property online, it's a good idea to drive by the property to get a better idea of the property's condition and the type of neighborhood. It best to determine a School district, Neighborhood, FMLS / MSL Zone and watch only that area for new listing, sold, expired and withdrawn, a great way to do so is set up an auto notifaction system with a Realtor. Most agent will gladly put you on a auto notifaction sytem for properties if you agree to let them negotiate the deal for you when the time comes. It's a win - win, you get timely information quickly and the agent gets the oppurtunity to prove their value to you. As a Buyer you want to watch Active, Sold, Expired listings to build market knowledge in your chosen area, also often Pre-Forclouseres will list with a tradtional agent at full price in the hopes of selling at a price to cover all closing costs without having to negoate a "Short Sale" or the listing agent may not know how to do a "Short Sale" and will list the property in the tradtional manner.
Q.? How will I know if a property I like is in Pre-Foreclosure? Give me a call or tune in for Step 2
Eric Reid, Managing Broker Renaissance Realty Group Inc. Short Sale Certified Graduate Harris Real Estate University Office: 404-921-2067 x 102 Fax: 770-513-4443
Search All Georgia Homes for Sale at http://www.georgiaonlinehomes.com/
When you are ready to make an offer your Realtor will research and prepare your offer based on serval factors i.e. tax records and lien notice, mortage hisrtoy, HOA fees, repaire costs, with this information in hand you can prepare a HUD showing the seller net they will need to know this number to talk to the lender. The seller or the sellers Realtor need to go to the lender and ask for a short payoff and this can only be done knowing what is owed. Investors say you make your money on the buy side not the sell side. If your ready to work with an agent that has been negoateing Short Sale / Pre-Foreclosure scince 2006. Go with experence and you win. I look forward to being your Realtor when it comes to buying or selling Real Estate in Georgia weither it be in Gwinnett, Dekalb,Fulton,Cobb County or any of the merto-Atlanta counties. Give me a call each deal is differnect and requires its own research.