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Why you need a Specialist.

If you are considering a purchase during this once in a life time buying opportunity, I suggest that you check out the experience of the Realtor you are working with.  If you are looking to purchase a HUD home select a Realtor who Specializes in HUD properties.  Selecting the right sales person could save you thousands of dollars.
  • July 05 2009 - Loganville
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Answers (8)

Profile picture for Myersteam_1
You need comps more in a declining market than any other time.  It will help to know how much property values have declined.
  • July 12 2009
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Select me as your Realtor...
  • July 12 2009
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what a worthless thread. In 2006, the best most experienced Realtor was going to sell you a home destined to drop a ton... In 2006, showing you the comps didn't protect you at all, and 99% of the agents argued up and down that prices wouldn't drop...
  • July 11 2009
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Profile picture for Myersteam_1
Your Realtor should show you what comparable properties have sold for recently as well as advise you how to structure your offer.
  • July 11 2009
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REO--if you dont know what that means than you have no business representing a buyer in a transaction where they are buying a forclosure. Bank owned, hud, and short sales are not easy cookie cutter deals. The homes are sold "as-is, where is"..meaning it is what it is. and their is limited info on the home. So the buyer will have to be ok with not knowing what has happened, why they moved and how old the roof is. Get an inspection done and talk to local ownship or municipality about any issues they know of..Ask your agent if they've sold a bank owned or hud property before if they say no than walk.
By the way REO stands for Real Estate Owned..they are inferring to a bank or 3rd party.
  • July 07 2009
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Profile picture for Myersteam_1
Short sale, HUD Home, Foreclosure, New Home.  Either buying or selling.  It saves you money and hassle to hire the best agent.
  • July 06 2009
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Profile picture for Mr Caveat
with Shorts, get an agent its worth it.

with anything else, having the agent will likely cost you thousands... if you are going to go with an agent do an EXTENSIVE interview, do not just go with any one... 1 in 20 is worth his commission... if you do 3 interviews you probably wont find him!
  • July 05 2009
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I see good values in short sales as well...the properties are better cared for and banks are much more cooperative now.
  • July 05 2009
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