Profile picture for Mindy Dotson

Mindy Dotson

Agent

Broker Associate , Real Estate Broker Associate (12 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Foreclosure

Advice

  • (70 Contributions,
  • 1 Best Answers,
  • 6 Helpful)

Contributions are sorted newest to oldest.

How do I bid

Answer

Find out who the auctioning company is. Register with them before the bidding begins. You have to be a registered bidder. Some companies have online bidding. Be prepared to pay a premium, or required up front payment. Also, be prepared for two things if you win the auction. One, be prepared to pay for it in full within 30 days. Also, the seller will reserve the right to reject a bid, even if you win the bid at the time of the auction.

  (0)
How do I bid

Answer

Find out who the auctioning company is. Register with them before the bidding begins. You have to be a registered bidder. Some companies have online bidding. Be prepared to pay a premium, or required up front payment. Also, be prepared for two things if you win the auction. One, be prepared to pay for it in full within 30 days. Two, the seller will reserve the right to reject a bid, even if you win the bid at the time of the auction.

  (0)
What do we need to buy a home?

Answer

Hi Nickie,You must have some form of loan approval in order to buy a foreclosure. Banks will not entertain an offer without it. Most require a downpayment of a certain amount, say $1000.00. Some banks will even make you sign something in the contract package that will guarantee the closing by the contract date, or you will pay a penalty of $100.00 per day past the closing date. NEVER buy a home without a home inspection. So, even if you have the financials in place, have the home professionally inspected within the time frame alloted on the contract. If the repairs are too much, then you have an out and you can withdraw your contract without losing your earnest money. If you do not have the home inspected within the time frame, or not at all, then Buyer beware. You are buying a home whether you want it or not. One more thing, some foreclosure listing agencies do not have utilities on when they are being sold. You could ask for them to be on, or go ahead and set up accounts in your name in order to have the home inspected.

  (0)
how do i get the seller to pay the closeing coast?

Answer

Be like the Godfather. Make them an offer they can't refuse. Put it in writing, though. Verbal offers don't hold a lot of weight when you are asking for something. Make them a good enough offer, and their agent will encourage an acceptance.

  (0)
do I have to pay just to list my home here

Answer

You will not have to pay to list your home if you already have a listing contract with a Realty company. Some companies have a Zillow link and all of their listings are posted on Zillow. You are in Madison? My office is in Madison at 2060 Main Street. Let me know if I can help.

  (0)
with the fannie mae homepath program & the ms home buyers advantage

Answer

Homes located in desirable areas are going to sell. What you are not realizing is that most foreclosed homes are in bad shape and will require a lot of remodeling. That is a task that some buyers do not want to take on, nor do they want to have to wait long after closing for the work to be completed so that they can move in. Price your home competively and your home will sell. It will take longer in this market. Everyone is looking for a deal. Be prepared and know your absolute bottom line.

  (0)
My home's still listed on here with a realtor who no longer has my listing. How can it be removed?

Answer

Hey there,Zillow and other sites get a live feed from a Realtor's website if they have a certain number of listings. The Realtor can have the home removed from the company site by contacting their IT person. If the Realtor inputed the listing manually, then they will need to remove the home.Give the Broker a call, not the agent. That will certainly speed up the process.

  (0)