BMW i5 and 5-Series Forum

Post Reply
 
Thread Tools Search this Thread
      07-12-2011, 06:28 PM   #1
liminchun
Private First Class
30
Rep
143
Posts

Drives: 2003 Subaru WRX 2008 Bmw 335xi
Join Date: Apr 2010
Location: OH

iTrader: (0)

question about real estate

Was hoping if anyone can answer my question about real estate. Are there anyone in here that are real estate agents?

I will soon be looking for a house or a condo to purchase, and was wondering where i could get a listing for foreclosure homes. I've searched the local classified section but there are nothing.
Appreciate 0
      07-12-2011, 06:44 PM   #2
iBoost
Retired e90post Member
iBoost's Avatar
142
Rep
3,038
Posts

Drives: real slow
Join Date: Nov 2009
Location: Las Vegas

iTrader: (13)

Maybe a realtor
Appreciate 0
      07-12-2011, 06:48 PM   #3
JayKay335i
Banned
Egypt
198
Rep
5,046
Posts

Drives: ///M323 DCT
Join Date: Apr 2009
Location: North Dakota; its best DUHHHHHH

iTrader: (1)

maybe on the interwebz
Appreciate 0
      07-12-2011, 07:02 PM   #4
SchlauCow
******
SchlauCow's Avatar
149
Rep
337
Posts

Drives: Honda M6
Join Date: Mar 2010
Location: Radiance

iTrader: (4)

homes.com
realtor.com
or here http://bodybuildingworkoutss.com/wp-...orts-Small.jpg
__________________
You will never be as complex as the strand of hair sitting on top of your head.
Appreciate 0
      07-12-2011, 11:19 PM   #5
ABQ325i
Private First Class
ABQ325i's Avatar
United_States
16
Rep
158
Posts

Drives: 08 E60 535i + 06 E90 330i
Join Date: Apr 2010
Location: Albuquerque

iTrader: (4)

Garage List
2008 535i  [0.00]
2006 330i  [0.00]
I'm a Realtor.

Are you looking for homes going through the foreclosure process or homes that have already been foreclosed and that are now bank owned?

Not sure how it works in your area but here you usually need to have a Realtor to do a specific search of the MLS for bank owned or short sale properties as they are both search options not available to the general public.

However some sites will show you distressed properties, depends on who their IDX (MLS link) is. I use spatial match and you can toggle the distressed button to show you foreclosures. It doesn't show short sales though, they show up as regular listings.

Here is an example of the spatial match for you. If this is what you are looking for then you could always email spatial match and ask them if they have any Realtors signed up in your area.

Link to distressed properties in Albuquerque
Appreciate 0
      07-13-2011, 09:40 AM   #6
E90SoFlo
Banned
217
Rep
2,669
Posts

Drives: E90 335i
Join Date: Jun 2011
Location: Naples, FL

iTrader: (9)

Call a local realtor in the area you are interested in, they can help you find what you are looking for.
Appreciate 0
      02-18-2013, 06:41 AM   #7
deionjoy
Guest
0
Rep
n/a
Posts

Drives:


My friend said Real estate agent is most important for buy and sell house. Without real estate agent we will not get the exact idea where to buy or where to sell. Goal is most important for real estate agents for success. What are the tips should we follow while investing in real estate companies ?

orange county homes for sale
laguna niguel real estate
Appreciate 0
      02-18-2013, 09:18 AM   #8
ENGINE er
Enlisted Member
0
Rep
30
Posts

Drives: E90 S13 UZJ100 MKV-GTI
Join Date: Dec 2011
Location: Houston

iTrader: (0)

www.homesteps.com
www.homepath.com
www.hubzu.com

You can do the research there but you have to have an agent that is able to bid/offer on those homes. (75% of agents are)

Im an investor, and i watch those websites each week for new opportunity. Most have a "first look" that last a week or 2 that is open to only owner occupants. Homesteps and homepath are the freddie and fannie homes and hubzu is a third party that buys distressed assets from smaller banks and then they "auction" them.
Appreciate 0
      02-18-2013, 10:10 AM   #9
Maestro
Major
1074
Rep
1,268
Posts

Drives: 2007 335i Sedan, 2021 X3
Join Date: Nov 2006
Location: Philadelphia

iTrader: (0)

Wells Fargo is the second largest holder of foreclosed homes behind BofA and they list all their Bank Own properties on their website. You can look at your local area and see what they have and contact them directly. They will help you buy it and cut you a loan at a low cost as well.

If you deal with the bank directly it will cost you far less since no agents commissions to pay.
Appreciate 0
      02-20-2013, 06:49 PM   #10
jlstyle
Lieutenant Colonel
jlstyle's Avatar
364
Rep
1,762
Posts

Drives: Porsche Panamera
Join Date: Jun 2008
Location: USA

iTrader: (0)

Garage List
2014 Audi S7  [0.00]
2015 BMW X5  [0.00]
Wrong start.
Go read 101 book for buying a house before anything else if you haven't.
Short sales/forclosures aren't always a good deal. Get educated to see what you are looking for and what you need to look for. Realtor's cannot tell you everything and you shouldn't expect to have them educate you.

Rule of thumb on house buying:

1. Know the process. And get educated how mortgage payments are made up.
2. Find out your taste
3. Look at listings over internet and open houses
4. Get pre approved or pre qualifed (without this you are wasting your time)
5. Meet with few realtors
6. Select one (do not use multiple) and have him/her your wanted list
7. Keep browsing on your own and have realtor come up with listings based on your list
8. When you look at forclosure/short sale, make sure you check the condition and if it's a handyman's house, make sure you can handle it.
9. Make an offer
10. Negociation
11. Inspection
12. Negociation
13. Closing

I don't know about OH but in NJ/NY, forclosure/short sales aren't all that bargain anymore.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:27 PM.




g60
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST