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WashingtonDC版 - 华府FORECLOUSRE/SHORT SALE购买TIPS
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1 (共1页)
s***i
发帖数: 114
1
我看版上很多人都问怎么操作REO/SHORT的房子,我自己有些心得,这是我文学城博客里
的一篇文章转过来和大家分享,谢谢斑竹的支持!可以在版上讨论,QQH也可以.
下次可以写写我做房东多年的经验.
So You Want to Buy Foreclosure?
Buying foreclosure a.k.a. bank-owned (REO) can be rewarding. However, unless
you're a 'pro' or investor, here are some of the things that you should be
aware of:
1. Get your financing line up. Ocassionally sellers' agents would ask buyers
to have pre-approval from a direct lender, i.e. from big banks, and not
through a 'broker.' This is because of tightening of financing. Though, you
may come prepare with your pre-approval letter, a lot of times the seller
wanted you to get a second opinion from their 'preferred lender' - just to
make sure you won't have problem to close. As a bonus, the other lender
occasionally throws in incentives (i.e. closing cost assistance) - to rope
and keep you in.
2. Be patient. It depends which bank you're dealing with, sometime takes
less than 48 hours, sometime it takes longer than that. Depends on bank's
motivation level. The more motivated they're to sell, the faster the
response.
3. As-is condition. You're buying the property as-is. If you find no
appliances in the kitchen - yes, I see a few of those! - that means you'll
have to be ready buying appliances for your kitchen.The price you pay takes
into account the fact that there's no kitchen. Although, from time to time
we see 'overpriced' bank-owned properties listings. If you see a property
that has 'mold' - which is not unusual - usually the listing agent disclose
it in the remarks, you gotta to take it as-it-is. Bottom line: the bank
doesn't want to do 'any' repairs.
4. Home inspection. You can do home inspection for 'informational purposes
only.' If you see something wrong with the property, don't expect that they'
d fix it. Again forget about banks doing some repairs.
5. Competition. From working the trenches, people who are buying
foreclosures are either a) to live in it, or b) to rent it out. So, they're
either first-time buyers (most of the times) or investors. A few property
out there, esp. those that badly need rehab, only want to deal with 'cash'
buyers. So first time buyer is out.
6. Bank sales agreement overwrites 'our' regional sales contract. When a
bank approves the sale, the bank will send their version of the sales
contract that 'overwrites' your original offer. Terms and conditions
negotiated prior to their approval. When bank sends your agent back the
contract, that means - the contract is already 'ratified.'
7. Unlike a conventional sale, where agents from both sides can smooth up
the deal, in a foreclosure situation, there's no relationships! The "bank"
decides whether they want to take your offer or somebody else's. No
negotiation. It's all in the numbers. So save some negotiation time of going
back and forth - since some banks are slow in making 'that' decision - it's
better that you and your agent works out a deal that represents your best-
and-highest offer.
8. Don't fall in love with the property. Use your common sense. Because it
may take three, four, or five different contracts(it may much more than that
) before you finally get there. Don't get discouraged if bank rejected your
offer the very first time. You will eventually get it. You just have to be
very very patient.
Oh one more thing, please allow yourself time. And focus. I have been in
situations where clients give up buying because their offers got 'outbid' a
few times. And they got broken-heart. Got discouraged with the whole thing.
Because that means, we have to go back to square one. And start all over
again..
I got my first investment property by writing over 40 contracts in one and
half month.
x**n
发帖数: 12542
2
好文章,先发个包子感谢一下。

unless
be
buyers

【在 s***i 的大作中提到】
: 我看版上很多人都问怎么操作REO/SHORT的房子,我自己有些心得,这是我文学城博客里
: 的一篇文章转过来和大家分享,谢谢斑竹的支持!可以在版上讨论,QQH也可以.
: 下次可以写写我做房东多年的经验.
: So You Want to Buy Foreclosure?
: Buying foreclosure a.k.a. bank-owned (REO) can be rewarding. However, unless
: you're a 'pro' or investor, here are some of the things that you should be
: aware of:
: 1. Get your financing line up. Ocassionally sellers' agents would ask buyers
: to have pre-approval from a direct lender, i.e. from big banks, and not
: through a 'broker.' This is because of tightening of financing. Though, you

t**s
发帖数: 6972
3
文章没有任何和‘华府’沾边的地方。我还以为是介绍具体经验的,结果读下来都是
common sense的东西。
x**n
发帖数: 12542
4
中介广告吗?

【在 t**s 的大作中提到】
: 文章没有任何和‘华府’沾边的地方。我还以为是介绍具体经验的,结果读下来都是
: common sense的东西。

s***i
发帖数: 114
5
下次可以写一写具体的东西,这个是个GENERAL IDEA,不知道是否有人感兴趣.
x**n
发帖数: 12542
6
写写实战经历吧。看library也要看sample呀。

【在 s***i 的大作中提到】
: 下次可以写一写具体的东西,这个是个GENERAL IDEA,不知道是否有人感兴趣.
V*******9
发帖数: 54
7
Did you use an agent specialized in short sale/foreclosure or DIY? Could you
recommend him/her?
Thanks,

unless
be
buyers

【在 s***i 的大作中提到】
: 我看版上很多人都问怎么操作REO/SHORT的房子,我自己有些心得,这是我文学城博客里
: 的一篇文章转过来和大家分享,谢谢斑竹的支持!可以在版上讨论,QQH也可以.
: 下次可以写写我做房东多年的经验.
: So You Want to Buy Foreclosure?
: Buying foreclosure a.k.a. bank-owned (REO) can be rewarding. However, unless
: you're a 'pro' or investor, here are some of the things that you should be
: aware of:
: 1. Get your financing line up. Ocassionally sellers' agents would ask buyers
: to have pre-approval from a direct lender, i.e. from big banks, and not
: through a 'broker.' This is because of tightening of financing. Though, you

1 (共1页)
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请推荐好的Home Inspection 公司或人 (Maryland)问一个买房子counter-offer 的问题
一个房产代理成功的第二年(一) (转载)买房买到快被气死了,你们有遇到过这样的seller吗?
推荐买方agency郁闷,买新房时有代理和没代理有区别吗?
相关话题的讨论汇总
话题: bank话题: your话题: so话题: property话题: time