What to expect when buying aproperty… The good, the bad and the ugly.
What we do………• 90% of our listings are distress sales• REO – (Real Estate Owned)• Short Sales (Pre-foreclosures)• Both are negotiated directly with the bank• Both are sold in “as is” conditions• Both are time sensitive transactions• Both are usually priced to sell in 30 days.
Difference between REO Vs. Short Sale• REO • Short Sales• Owned by the • Home owner that bank is in default• 80% of properties • 80% don’t need need work any work• 48 hours response • 20 to 30 days on offers response on offers• Closing 30 days or • Closing 45-90 sooner days
What you need to know when buying an REO• Most properties are sold as is. What you see is what you get.• You might have to get pre-approved by the seller’s lender• You are not negotiating with an emotional seller usually is all about the bottom line• Negotiations are time sensitive and no offers are consider accepted until the contracts and addendums are fully executed• All offers have to be in writing
What does it mean to be a preferred client?• You will get up to date information daily on the properties that fit your criteria• You will know of any upcoming foreclosure properties that fits your needs• We will help you base on our knowledge of the market determine the real value of the house you are buying• We will show you how to submit an offer that is attractive to the bank
Our company policy for preferred clients• Patience……• We are getting properties in the daily basis. We want you to take your time and buy something you are truly happy with.• Be pre-approved by a reputable lender.• Sign the exclusive agency disclosure explaining dual agency.• We only work with committed clients.
Thank you for meeting with us….we hopeyou find the best deal possible.
What is our goal and our track record?• Our goal is to provide you with all the information available so you can make an educated decision.• We want you to get the best deal possible in today’s market• We are working with over 15 Lending institutions and have 80% market share in Fairfield county over distress sales.• We know you want a good deal and we will find it for you.• We sell more properties than any other agency because we find out what you want and help you to get it.