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Ian-Mark Villalba's Advice

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Ian-Mark Villalba wrote:

We would like to sell our home that needs a lot of repairs. Looking for advice.

Answer
Honesty is key when looking to sell anything in any market. "As-is with No Repairs" is probably what you will be advertising to the interested Buyers/ Investors in your area. Depending on the amount of work needed and the health & safety issues that could pose a threat to your interested parties, the wisest thing would be to work with a Professional Real Estate Agent in your area who is an expert in marketing, disclosing facts properly, advising you on getting any necessary inspections, and who have a thorough understanding of the local bank's lending requirements on properties. Arming yourself with the proper real estate disclosures to your future buyers is key to ensuring you limit your exposure to liability. Consulting with a Real Estate Agent who specializes in your area will help you navigate the proper steps to successfully navigate through this transition while saving you the most Time and Money! Hope this info helps! God Bless!  
October 31 2013
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When listing your home, it ask how many rooms,do you count rooms such as laundry room ,bathrooms?

Answer
To answer this simply, you should only input the amount of rooms/ bathrooms which show up on Title Records with your County. This will constitute as actual rooms & bathrooms. Working with a professional Real Estate Agent in your area will help ease a lot of important questions in your mind. This will also help to minimize any potential exposures to liability because Disclosing Facts properly is EVERYTHING in Real Estate Investments! You should give Jonathan & Natalie Lee a shot if you are looking to Buy or Sell in your area if you have no other agents in your sphere of influence. Working with Professional who only serve clients in Real Estate should help save you Time and Money! Hope this info helps! God Bless!
October 31 2013
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how much does painting kitchen cabinets , new flooring kitchen & bathroom& architectural roof add?

Answer
The best thing to do when looking to get an idea on the value of your investments into your home is to look within your neighborhood to see what amenities other "Comparable" properties in your area have available to current Buyers. Value is dictated by the price people are willing to pay for an item. Values fluctuate as the market fluctuates so studying the market facts in your area will help to give you a solid pulse on valuing your upgrades. This is easily accomplished by having a local Real Estate Agent issue you a Comparable Market Analysis to give you an idea of market trends, recent sale history, and current buyer appetites. Having an understanding of these market facts will give you a better idea of what your return on investment will be with the upgrades you decided to install. Hope this info was helpful! God Bless!
October 31 2013
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How can i know a property foreclosed by a bank will be listed for sale in the future?

Answer
Typically, properties that are foreclosed by the bank go through an internal process with these asset accounts which can take anywhere from weeks to years before a property is ready to market to the public. It is really hard to tell whether the property will be listed for sure in the future. Banks will go through a series of steps such as having multiple BPO's (Broker Priced Opinion) to get estimates on value, they will send out cleaning crews, or even do some cosmetic upgrades to the asset themselves if they see that the market will justify a higher sales price. There is wisdom in working these investments through a knowledgeable agent in the area. Agents will have faster access to contacting the bank to look up the specific asset account you might be interested in purchasing. Good old fashioned walk-by's on the property will help you as well. Banks will usually post notices on the windows on what their intentions of the property will be... at least that's how they conduct themselves here in Southern California. Hope this info was helpful! God Bless!
October 31 2013
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