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      07-12-2011, 05:28 PM   #1
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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.
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      07-12-2011, 05:44 PM   #2
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Maybe a realtor
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      07-12-2011, 05:48 PM   #3
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maybe on the interwebz
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      07-12-2011, 06:02 PM   #4
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      07-12-2011, 10:19 PM   #5
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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
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      07-13-2011, 08:40 AM   #6
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Call a local realtor in the area you are interested in, they can help you find what you are looking for.
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      02-18-2013, 06:41 AM   #7
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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
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      02-18-2013, 09:18 AM   #8
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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.
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      02-18-2013, 10:10 AM   #9
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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.
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      02-20-2013, 06:49 PM   #10
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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.
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