I try to buy a lot of houses and every so often I think I am pretty close and am disappointed to hear the dreaded No from a seller. Sometimes they are less polite and use words like: “cheap”, “crazy”, “wasting my time”, etc.
Here are some of the...
I have heard widely varying reports on the amount of foreign buyers snatching up real estate in America. The National Association of Realtors (NAR) recently released a report based on the 12 months ending March 2011. 8% of all sales where from international buyers.
Foreign Buyers...
Every so often when buying a new property the escrow officer will email and ask me for a document called a Resolution to Purchase. I said that I would provide one, I had a general idea of what they where after, but I had no idea what it specifically need to say and what was required.
After...
I get quite a few emails with visitors asking me about earnest money deposits and real estate owned properties. Here is a good Frequently Asked Questions for bank owned houses and earnest money deposits.
How do I provide the Earnest Money Deposit with the initial offer?
Here is...
Sunday October 11, 2009, California Governor Schwarzenegger signed the Buyer’s Choice Act, Assembly Bill 957, into law. The new law prohibits owners (typically banks) of foreclosed properties from forcing California homebuyers to use a particular title company, Escrow Company or...
We finally closed House #52. This property fell out of escrow 4x, went to auction once and finally was sold to us. With this purchase we helped the real estate get rid of one of their dogs (a difficult property), if we didn’t buy it, it probably would have been pulled and...
The times keep getting even more interesting for all the Real Estate Investors out there. It seems like pending sales have crashed and retail buyers interest is slowing down. Most investors haven’t got the memo and are still putting out tons of offers.
At this time we don’t...
Here is a house we tried to buy pretty hard. It is in awful condition. It was built in the late 1950′s. It is 800 sq ft and a 2 bedroom, 1 bathroom on a good sized lot. The house needs about 25k in repairs to make it rent ready.
At the end of the day we missed out on this...
This is one of the most common things I hear in the business. “Hey, you will love this house, it’s turnkey, it just needs paint and carpet.”
Depending who it is, there are two reactions:
If this person is telling the truth:
So if this is true and the house just...
All I have to say is finally. We made our first original offer on this house in February.
Step 1: Our agent sent executed contracts to the HUD office in Sacramento. 45 Days later I noticed the product shows as Active again and call my agent. He calls HUD and they never received...
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