by Amy Cimetta | Feb 7, 2013 | Buyers, Real Estate Advice
If both the homes are in nearby neighborhoods and you can find an agent who has a strong knowledge of both markets, then yes, you should absolutely use the same agent. Working with one agent will make it much easier to coordinate the process especially since you have...
by Amy Cimetta | Feb 7, 2013 | Backup Offer, Real Estate Advice, Short Sales
If the bank does not approve the contract, and submits a counter, and the buyer subsequently walks, then the seller will not necessarily have to relist the property. Once the current contract is canceled, the seller can accept the new offer and it will be submitted to...
by Amy Cimetta | Feb 4, 2013 | REO
When making a decision on how much to offer there are several things to consider. 1. What are the comps? Have your agent (and it shouldn’t be the listiing agent) pull the comparable sales in the area. Determine what you think the value of the property is. 2. Now...
by Amy Cimetta | Jan 29, 2013 | Appraisal
You can always try again. It’s just going to cost you each time you have to order an appraisal. When an appraiser is assigned you should make sure that this appraiser is familiar with the area. if the appraiser is from out-of-the-area, then you can request a...
by Amy Cimetta | Jan 29, 2013 | Negotiations, REO
When it comes to REOs (or bank owned properties) the banks are much speedier than when responding in a short sale. The reason being, the bank is the actual seller in this situation and they have set the price themselves. REOs work much like standard sales with more...