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how do u buy a property that is not listed 4 sale,but is 4 sale which i just found out?

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May 10 2010 - Danville
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Do you mean a home that is listed as a foreclosure but not listed for sale on the mls? Or have you seen a property advertised that is not on the mls?

There are several websites: Zillow, Trulia, etc. that are advertising websites and don't pull information directly from the MLS. Many buyers are confused and sadly your information can be taken for solicitations...it is best to contact a local real estate professional who can set you up on the MLS. Working with an agent is free and 95% of the time it wont make any difference going directly to the listing agent..

MY MISSION: "Help Over 360 Distressed Home Owners Avoid Foreclosure!" - [link removed by moderator]

Patrick A. Hale, CDPE, RSD
Certified Distressed Property Expert I REO Listing Specialist
BROKER/REALTOR

"The Best Way To Predict Your Future Is To Create It!"
CALIFORNIA REAL ESTATE & MORTGAGE, LLC. I [link removed by moderator]
A Division of Real Estate Professionals of America I [link removed by moderator]
[contact info removed by moderator]
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May 10 2010
Hi pupil....
Buying Real Estate is similar to buying most anything else, say similar to buying a car. If you like a car, you make an offer, usually, it is customary to do it in writing for a home.
A buyer's Real Estate agent helps you find the home and make the offering contract. The Seller's agent lists the home on the MLS, holds open houses, and maybe puts ads in newspapers and websites to help market the home. You may choose to work with an agent or not, and the seller may also choose to work with an agent or not.
 Typically, the Agents do NOT work for free, but are paid a percentage of the sales price and usually out of the seller's proceeds. 6% is the typical split, 3% goes to the listing agent and 3% to the buyer's agent. If the house is not listed yet, and if both you and the seller choose to work without an agent, then technically, that 6% is on the table as negotiable.
It IS true that most agents will work with you without an upfront charge, and will wait to get paid until the home closes, but this is a far cry in my opinion from "working for free."
The internet and local library should have a wealth of information on real estate purchases. If you need a mortgage, talk to your lender and get pre qualified so you know how much you can afford. That lender can also recommend a good Real Estate agent to you.
I hope these comments help. We offer mortgage consultations without obligation, if I can answer any other questions for you, do not hesitate to call.  Jim, HSOA, 703 591 5626 ext 419. PS  lenders do not work for free either, but there are no up front fees typically!!!
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May 11 2010

Follow James' (the other one) advice.  I think he's got you covered. :)

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May 11 2010
Hi, read James advice a few times, that's basically it!  Find yourself a buyer agent, and the doors will open for you, don't walk this path alone, there is not need to re-invent the wheel.  Good luck!
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May 13 2010
 
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how do u buy a property that is not listed 4 sale,but is 4 sale which i just found out?
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May 13 2010 | 4 answers
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