Profile picture for Scott Godzyk

Scott Godzyk

Zillow All Star

The All-Star badge is given to top contributors of the Zillow community. These are active Zillow users who share their real estate knowledge and help others by contributing high-quality content. The more and better the contributions, the more likely an award will be granted. Users' contributions can be seen in their profiles.

Premier Agent

Real Estate Broker (30 years experience)

6 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (442 Contributions,
  • 5 Best Answers,
  • 84 Helpful)

Contributions are sorted newest to oldest.

Foreclosed house

Answer

He can stay there until the bank evicts him. Unfortanately some are quicker than others. I wish you luck in having him clean up por move out 

  (0)
What happens when closing costs are less than what seller agreed to?

Answer

Normally if the closing costs are less, then yes the buyer asks to reduce the sales price for the difference. Some sellers (few) will stick to the sales price and the buyer can than increase their closing costs by adding prepaids or paying points to reduce their interest rate. Rarely some sellers will stick to their guns as you want and lose the sale. So if you want to sell, do what is right and fair and keep to the net you agreed to. 

  (0)
No listing.

Answer

Your MLS would have to provide a feed to Zillow or you can enter it manually. It is not instant though. It requires time to get through Zillow review and be posted to the public. 

  (0)
how do i buy a house that has gone to auction?

Answer

It depends on the type of auction. If it is a foreclosure auction, most likely you will need cash and cant have any contingecnies. If it was already foreclosed and now for sale, read the requirements if you can get a mortgage but will also be more than likely as is

  (0)
house Flipping and Hard money lending

Answer

A lot of investors use hard money to buy, fix and sell. However it can be expensive and risky if not done 100% right. Interest rates can be 12 18 or even 24 percent and points can be 3, 5 or even 10 points

  (0)
Winterization on Short Sale

Answer

In most cases of vacant homes in this area, they are winterized, in most cases of a short sale, the buyer would pay to de-winterize to test the pipes and re-winterize if called for. 

  (0)
Mortgage for self-employed with 1-year of tax returns

Answer

You really should have lined up your mortgage before bidding. Be careful with out of state mortgages or internet companies. You should start with a local mortgage company who can take your info and search out multiple sources of mortgages for you given your situation. Most loans are 2 years but they can be creative with averaging income as you have been self employed for so long

  (0)
RIDICULOUS Homepath Counter offer

Answer

I saw your post over on Trulia as well. It is very common for a bank to counter asking a buyer not to use FHA as it takes longer and if the house needs work will not pass a FHA appraisal. What is not common is a large deposit, most often 2-5% of sales price is asked for

  (0)