Stop in for a free foreclosure list at our office 2514 S Ferdon Blvd Crestview FL 32536
I received the 2014 Real Trends Best Real Estate Agent Award bage now on Trulia.com
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710690 - Residential Detached Single Family - Active | $134,000 |
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Directions: From the intersection of Highway 85 and Interstate 10, go south on Highway 85 for about two miles. Turn right (west) onto Southview Dr. Southview Dr dead-ends at the property's driveway. |
Remarks: This waterfront home south of I-10 has been brought back to life and is ready for new owners. A picturesque stream runs along the back of the lot in the privacy-fenced backyard. The screened back deck is a great place to enjoy the sights and sounds of nature. Several elegant touches can be found inside including decorative tile in the kitchen and dining room and fluted trim in the living room. Both full baths also feature tiled floors. The walls have been freshly painted in neutral tones and brand-new carpets have been installed throughout the home. The kitchen with breakfast bar is open to the living room which offers a vaulted ceiling and large stone fireplace. The large two-car garage has plenty of shelving for storage. This one must be seen to be truly appreciated.
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I am now a 50/50 member with Coldwell Banker and have won the President Elite award for 2012 above is the 2011 award and above that the 2012 I had a previous post https://okaloosamls.wordpress.com/2013/12/28/i-am-now-a-5050-member-with-coldwell-banker-and-have-won-the-president-elite-award-for-2012 about 2012 year end awards and being a member of the Coldwell Banker group of 50/50 and I am happy to say for a third year in a row with 2013 ending up with 100 plus listings and 100 plus sales for the year of 2013 I have won the 2013 presidents award picture still to come awards received from Coldwell in March of following year.
Beating out investors for REO properties
Some home buyers look to the foreclosed property market for a bargain deal on a new home. It's not entirely surprising - the National Association of Realtors (NAR) reports distressed properties cost, on average, 20 percent less than standard homes for sale. However, those looking to buy a home to live in might find surprising competition from investors looking to purchase a bank-owned property - also called REO - that they will later sell, according to the Wall Street Journal. There are ways for home buyers to stay ahead of the competition and buy a foreclosed home before the investors do.
Hire a real estate agent with REO experience
The top strategy home buyers should keep in mind is how to pick the right real estate agent. Some have more experience than others when it comes to dealing with foreclosed properties, which could give home buyers a leg up on the deal. They can also help identify foreclosed homes that are in better condition than others, helping home buyers find properties that may not need a lot of work beforehand and that may
require less maintenance over time, reports the Wall Street Journal.
Consider government-owned
Freddie Mac, Fannie Mae and the Department of Housing and Urban Development (HUD) have all adopted measures that favor owner-occupants, also known as regular home buyers, over investors when it comes to the buying and selling of bank-owned homes. According to HUD, only home buyers who are purchasing an REO to use as their primary residence can submit bids for the home in its first 10 days on the market. After that time period, investors can enter the fray. However, that week and a half
advantage can make all the difference for a home buyer, reinforcing the importance of having a real estate agent who's familiar with the process and can act quickly on new REOs.
Handle finances ahead of time
According to HUD, it's advisable to secure a preapproval on a mortgage before shopping for an REO property. The Wall Street Journal also reports having financing prearranged can give home buyers the benefit of time, allowing them to process a REO sale all the more quickly. Investors often pay for REO homes with cash, leaving unprepared home buyers on the outside looking in. While these steps won't guarantee a home buyer won't be outbid for a foreclosed home, it can give them a
good head start on their investor competition.
Brandon Jordan is a member and or certified with the following
This is a little infomation on what the A-RE0
The Accredited REO AgentTM (A-REOTM Agent) Designation was created by REO Training Solutions to provide an indication to those in the default industry the agent's mastery of course content and baseline knowledge of what it takes to be a successful REO Agent.
REO Training Solution courses are created with you the adult learner in mind. Accessible anytime, anywhere, with an internet connection, they are perfect for the busy real estate professional.
Successfully complete all four courses (18 hours) to receive your Accredited REO AgentTM designation- INCLUDES lessons covering Old Republic Default Broker Guidelines and Master Licensing Agreement.
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