| PoconosRealEstate.ws |
|
|
| Home |
Poconos ForeclosuresOur experienced real estate professionals can put you in touch with the best deals in the Poconos foreclosure real estate market. We also offer a variety of free tools to help your purchase a foreclosure property. Here you'll find details on foreclosures in Poconos communities and information on services to help get you the most for your real estate investment. First, buying a Forclosure is a complicated process and unlike purchasing a home from a traditional seller. The foreclosure seller is almost always a bank. Banks would like to sell ... But, they don't HAVE to. This, cones with an approach to the sale that can usually be called "indifferent." The process can go something like this. You see a foreclosed home and expect to make a lowball offer and get it. ooops. Doesn't work that way. You see the bank has had an appraisal (or at least a Broker's Opinion of Value) and this has been done with the understanding that the price suggested would allow for a sale in a short period of time. So, the bank has set the price at or near the broker's suggested price. Now, your low offer is a problem for the bank officer reviewing your lowball offer. You see, he has to answer to his boss and the bank stockholders and explain why he took a offer lower than the appraisal. So.. your low offer is not going to be accepted. Instead, he or the listing agent is going to use it to get someone else to make an offer at or above yours and closer to the listing price. Maybe, they can even get a bidding war started. You get the point. Ah.. but what happens if it's your offer they accept?. Now the fun starts... you'll get a slew of addendums to sign.... NO CHANGES ALLOWED. You'll have to agree to the "Seller will not have to fix anything" addendum, the "There might be mold, but the seller could give a crap" addendum and the "$100 per day penalty if you don't close by tomorrow" addendum to name just a few of the papers that will be thrust in front of you for immediate (or "we'll sell the house to someone else") signature. Now, you are prepared to start the foreclosure buying process. Invest in Foreclosure Homes and Save BigAs one of the most comprehensive online sources for Pocono foreclosure homes and Poconos foreclosure listings, PoconosRealEstate.ws can help home buyers, investors and foreclosure professionals find the listings, information and assistance they need for success in today's competitive foreclosures and repo homes marketplace.
Prepared by USA Realty - 27 Years in the Poconos. March 2010. The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. It is not Guaranteed to be accurate. USARealty PA Licensed Real Estate Broker RB 066233 718 Milford Road, East Stroudsburg, PA 18301 570-517-2428 All Rights Reserved.
|
To Buy or Sell a Home in the Poconos Contact USA Realty
The Poconos New Home Specialists! |
|||||||||||||||||||||||||||||||||||||