Real Estate

propery is on a spring fed fresh water lake and is a unique, one of a kind property .with perenial flower gardens,southern exposure,water is so clean you can drink it.lots of stone border work,granite steps to the water,giant trees, stone,boulder waterfront patio,stone texas firepit. large upper and lower decks overlooking the lake… i want to find someone who really would appreciate this property .i dont want to pay a 10 percent real estate fee . just want to find that right person.

there is no law that requires
any property owner to hire
anyone to help them sell it.

YOU can list the property
in newspapers, magazines, etc.

–fyi–
across the US, those who try to sell
their property themselves
get their asking price one tenth of
the time and have no closing problem
1/20th of the time.

A licensee in most states,
must understand the process to
get the listing,
examining the property,
putting it on the MLS and
other systems,
finding a good buyer’s agent
and making sure the buyer’s agent
qualifies their buyers and gets
the loan coordinated.

and then, opens up escrow/title
and keep close watch on that
and then, makes sure
that insurance is available to cover
all the components and furnishings
in the house.

but you may do all this yourself.
no problem.

So we have finally found the right price. In a small village in upstate new york, the price was about 150,000. It is a foreclosure and comparables have seemingly showed that it is currently worth 160,000 and after a few "cosmestic renovations," it should be worth $200,000.
Great! We decided to put an offering of $115,000 on it as it seemed like a good starting negotiating point.
Actually no. The realtor gave us a certain date and said "by this date, the banks will be collecting offers, and there are already 3-4 offers on the house so if you really want to do it, you have to be quick." He even faxed us all offer papers and said "make sure this is faxed asap." By talking with him however, it seemed that there weren’t a lot of offers on the home (he seemed too happy to help us get the house.)
Now.
The date was supposed to pass yesterday. We didn’t send in the offer due to a small delay of paperwork by lawyer. Sad that the house may be gone, I checked today and the house has been reduced a little over $10,000!
What are the reasons that the house could have been reduced to a bit less then 140,00 when the house was already in a very low price! (When I checked the house it seemed okay but it needed a lot of cosmetic renovations.)
Does this mean that nobody put an offer on? What offer should I put on now?
By a few cosmetic renovations, what i mean is that the structure of the house is good, but it needs new carpet, painting, basement windows, small roof repair, flooring, appliances and new bathtub and toilet, basically less than $30,000 of work.
Ive really fallin in love with the house but i dont want to make a bad decision.

I agree with Blair—if you are dealing with the sellers agent I am not a bit surprised….It is their job to get the most money as quick as possible which results in the biggest Commission…If you have your own agent they should be fired….I would certainly retain your own agent who can cut through the BS.Since it is illegal to put a pending offer out to others interested this often happens.

It’s going to be hard but I want to find someone who will do owner financing with me for a short number of years. Is there any way to find homes that are listed and VACANT but not in foreclosure??

I figure if the home is vacant, they are likely making a payment of some kind and losing money, and not wanting it to sit vacant for long. I would like it to be an older home that way its more of a fixer upper and the seller would be more willing to negotiate

Any ideas are welcome and suggested. Thank you.

Your best bet is to speak to a Realtor. They are usually aware of certain properties that offer seller financing before anyone else. You could also approach FISBO’s (for sale by owner). Just beware that "rent to own" is a scam 99.5% of the time. Good Luck!