This article is a little different for my blog. Here you will learn step by step what is needed to successfully buy a foreclosure or short sale. Keep in mind that to buy a short sale, you have to be willing to wait about 3-5 months before closing because we have to work with banks that take time in responding. The other thing to remember is that if you place an offer on a foreclosure, you will most likely be competing with many other offers, so you may win or you may lose. But that will be told within a few days of placing the offer, so if your offer is rejected, you can continue on pretty quickly.
First step in buying is to become pre-qualified by a mortgage broker/lender. This means that you will receive a letter that states how much house you can afford based on your credit and income, etc. We have a team of professional mortgage brokers who can pre-qualify you over the phone in minutes and it is very safe and secure.
The second step is to find a foreclosure or short sale that is perfect for you and your family within the price range given to you in your pre-qualification letter. We have a data base of litterally all the foreclosures and short sales on the market-AND WE CAN GIVE YOU ACCESS TO THAT DATA BASE. That means that you can find exactly what you're looking for (number of bedrooms, pool, lot size, price, amenities, association or not, etc.) in less than one minute on your own computer. Then, at your own leisure, you pick and choose which houses you want to visit. We also know the minute a house that fits your criteria comes out on the market just because we are on the data base all day long and because our colleges let us know when their new listings are going to be coming out. We will set up the appointment for you to see your favorites.
The third step is to go visit the houses. We will open the doors for you and show you the properties. We will also give you a full report of the history and current details of the house - VERY IMPORTANT INSIDE INFORMATION. For example, how long it has been on the market, what the owners paid for it and when, prior appraisals if any, what you should offer, known defects, all the listing information, and on and on. Our team focuses 100% on this part of the process because our inside information will give you the knowledge you need to make a fully educated decision on the best house for your buck. We loooove this part of the process.
The forth step is to discuss with us what your offer will look like. We write up the offer, send it, discuss the offer with the listing realtor, and stay on top of the offer until we receive a response. Our team's major work gets under way with the negotiation of the offer and counter-offers as well as appraisals and inspections. We pride ourselves in keeping you informed during every step of this process. We guide you through this process and keep you as hands-on as you want to be. We treat this part of the process as if it were our own house we were buying.
We will also walk you through the closing process, involving the attorneys, title agents, and mortgage brokers. We do this work every day, so we know how to get you into your house as smoothly and quickly as possible by working diligently through all the red tape. We always say that our client's needs are our own needs, and we want to use our experience and expertise to help our clients get to closing.
If you want more information about our team, just click on our website: http://www.realestatefloridamiami.com/ or we would love it if you would become our friend on facebook at www.facebook.com/miamiteam.
We would love to help you find the perfect home for you and your family. Don't hesitate to contact us today!
Ignacio Valenzuela
I want to add something since Foreclosure is a big deal and need to be given importance so that you will not lose your properties.I will recommend foreclosure attorney who is an expert in this matter.Thank you.
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I greatly enjoyed looking through your post and found an informative post.Nice article.
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Miami Title Company
Buying foreclosed homes on sale presents an opportunity like few other for locating huge savings using a wide array of housing. In many cases, informed buyers might make investments any where from 30 to 60% below the market valuation on a specific property. This could certainly lead not only to immediate savings, but also to the greater possibility of profit with a long or short-term investment.
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