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 » House vs. Rent in Some Areas ... My Short Sale Experience

House vs. Rent in Some Areas ... My Short Sale Experience

Topic: Home selling

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Catalin
Hi Melissa! Welcome to the wonderful world of real etsate! That's a great question for you to ask your RE Teacher. Also, are you planning on working with a large re company or an independent? My suggestion is start off with a business plan. Notify your sphere of influence .tell your family, friends, neighbors, so they will tell their family, friends, neighbors, etc., send out announcement cards, then follow up with phone calls to your sphere. Word of mouth is the best advertising and it's free. Try to get a listing so you can meet buyers. If you can't get a listing soon, offer to do as many open houses for other agents as you can. Get out there and network. Go after expireds and fsbo's. Have many things going on at a time because wasting time means there's a gap between paychecks. I have quite a few active buyers right now, some I have just recently met and others I have been showing properties to for the past 4 to 5 months and some longer. Anyway, typically, 45 days to closing and then you get paid. Good Luck .any questions, feel free to email!
read more... 03/30/2013

Shorty
That's a crackerjack anewsr to an interesting question
read more... 12/19/2012

Karim
Is this truly estate tax or your iocnme tax bill from cashing out a 401k/IRA that you inherited?If it is and iocnme tax bill, there is really only one way to make it go away: Pay it.
read more... 05/04/2012

Sajawal
The IRS would only be going after you if distribution of the asstes was made without the tax debt being paid by the estate. The executor of the estate shouldn't have given any asstes without a release from the IRS. You may have a case against the executor for breach of fiduciary duty but you'll still have to pay the taxes owed. The IRS does offer Installment Agreements on tax debt for people in situations like yours. Definitely look into a penalty abatement to try to cut that down because in this may not be your fault.
read more... 05/01/2012

Enkhee
Not only can you get a short sale for the listed price, you can get it for less often times. Location makes a difecrenfe, but in most markets, there are record foreclosures, and a glut of unsold houses on the market. Short Sales are adding to that mix.I can guarantee that the Realtor you spoke to represents the bank on the properties she advised you about matter of fact just ask her if she represents the banks on any short sales. She is required to disclose if she is. I would be willing to put money down that she is. Matter of fact, if you would ask tomorrow, add that detail under the add detail option on your question tomorrow I am curious to hear the Realtor's answer. Remember, the Realtors job is to sell houses they only get paid when a property sells. And the more it sells for, the more they get paid. Therefor, I would take their advice with a grain of salt. If you are looking for a great deal, then you need to be willing to make low ball offers and get a few rejections. If you do what you have always done, then you get what you have always gotten.
read more... 05/01/2012

Read all comments: 5

 

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