You Need Time and Patience to Buy a Foreclosure or a Short Sale!

by Jerry

Are you thinking about buying a distressed property? If you are, you will need TIME - a short sale or an REO (Bank Owned property) will both take longer than the typical sale. There are certainly benefits to buying a foreclosure or short sale, that being a lower price. However since we have a Lender involved in the final acceptance of the buyers offe to the seller it could take 60 - 90 days for the negotiator for the lender to make the decision. The decision isn't always that they will accept the offer. As a buyer you must be prepared to counter-offer what the negotiator has proposed. This could take another 2 weeks or so for the final decision. If you don't have the time or patience to wait this is not for you. However, if you do you could make yourself a considerable savings.

Be Wary of Real Estate Scam's!

by Jerry

Are you thinking about Listing York PA Homes your house? Be careful there are individuals out there who want to take advantage of you with an offer to purchase your property for CASH. They will purchase it, but at a very reduced value, typically 40% less than what it is really worth. They will turn around and sell the property at market value and pocket hat should have been you profit, not theirs. If you want to sell- sell with a Realtor. As a member of The National Association of Realtors, Realtors abide to a Code of Ethics. Don't talk to these people.

Stop Foreclosures Now!

Did you realize most people do not need to go into foreclosure? People think it is their only option. If you sell your property in a short sale (Lender takes less than what is owed on it), you could save your credit and also your job. Don't let it happen call a Certified Property Expert to explain why you shouldn't do it.