Whittier Homes For Sale

John Manickam Arumugam asked:


SEIZED REAL ESTATE MARKET IS HOT! EVERY MONTH THOUSANDS OF PROPERTIES BECOME REPOSSESSED BY BANKS, STATE, FEDERAL AND PRIVATE ORGANIZATIONS THROUGH VARIOUS SEIZURE AND BANKRUPTCY LAWS. THOSE PROPERTIES COULD BE PURCHASED THROUGH AUCTIONS AT A FRACTION OF THEIR ACTUAL MARKET VALUE!

Here are some of the commonly asked questions and their answers:

Question: What are seized properties? Why are they so cheap?

A seized property is a home that has been repossessed by the lender because the owners failed to pay the mortgage – this is called foreclosure. Hundreds of thousands of homes end up in foreclosure every year. Economic conditions affect the number of foreclosures, too. Due to a variety of circumstances, hundreds of people or businesses default on their mortgages every day, and as a result have their properties seized by banks or other private and government institutions. Because of the constant influx of new seized properties and the enormous amount of money and time required to maintain and market them, the banks attempt to recover at least some of the money by conducting public seized property auctions. You may be able to but these properties directly from the banks for up to 90% off the market value of any property.

Question: What types of seized properties are there?

You can find virtually any type of real estate: single-family houses, multi-unit houses, apartments/townhouses, commercial properties, mobile homes, land, timeshares, vacation and rental properties.

Question: How do you determine the value of a seized property?

Information regarding the assessed value and the current market value of any seized property can be easily obtained from online auction websites.

Question: Is it possible to get financing?

Yes, financing is easily available from financial institutions that provide mortgages for seized properties. Your interest rate will vary depending on your credit score and other factors, but even with bad credit you will be able to buy properties with small down payments and have a good interest rate on your mortgage – because there are hundreds of banks and they are forced to compete for your business.

Question: Is it possible to resell the properties and make profit?

Absolutely! Many people have been doing this for a long time now, building their wealth and net worth in the process, buying and selling seized properties. More and more properties become repossessed every month thus providing a constant variety and a growth factor to this market sector. You can acquire the properties and sell them immediately for their current going market value, and pocket all the profit that could range from tens to hundreds of thousands of dollars if you buy smart! Remember, real estate is the number one “millionaire-maker” in the United States – and seized properties sector is the number one profit-generator within the real estate market!

Question: Is it possible to buy properties with $0 down?

Of course! Zero-down seized properties are available in every state and many new properties are added to the listings on a daily basis!

Did you find the above Q&A’s on buying repossessed houses useful? Are you buying a repossessed house? Then learn a lot more about buying a seized real estate at http://tinyurl.com/yw5d2n



[Whittier Homes for sale]

Deane Alban asked:


r you plan on working with a real estate agent or are going to sell your house FSBO, “for sale by owner”, you may be concerned about how to price your home for sale. It’s a decision that can cost you a lot of money and waste a lot of time if not done correctly.

Here are four ways to get the information you need to evaluate your home’s value and decide on an asking price.

1. On-line “Guesstimate” Sites

There are a many popular websites where you can get a free “guesstimate” on the value of your house. I’ve compared the numbers on several of the most popular ones against houses I’ve recently sold or had appraised and found they were anywhere from spot on to 40% off!

I think you should consider these sites as a place to start when selling your house, but you need definitely need more accurate information than they can provide.

2. Comparative Market Analysis

If you are working with an agent, they can get you a Comparative Market Analysis (CMA). This will give you a range of their best estimated prices, but there is no “magic formula”. You should always do some research yourself so you can effectively analyze the information they will give you.

It will ultimately be up to you to decide on the actual price. I wouldn’t recommend blindly accepting a number they push for either. I’ve seen agents be way off. And after all, who knows your neighborhood better than you? You know things that don’t “show up on paper” that can affect house values.

If you are selling your house yourself, you can get a CMA free online (also called a home valuation or valuation report). However, this will alert agents that you are trying to sell your own house and they will try to get you to list with them. There is no free lunch.

If you’d rather avoid the hassle of having agents call you, you can buy a valuation report online for around $30. You will receive a computer-generated opinion of your house’s anticipated selling price range.

3. Appraisal

If you are still feeling unsure about how to price your home for sale, you might want to consider having a professional appraisal done. It will cost $300 – $400. This is the indisputable “gold standard” of pricing methods. An appraiser will compare your house with 3 – 5 houses that have sold recently in your immediate area that are most like your house. Then they adjust your house’s value according to how yours compares to the other houses.

A benefit of this method is being able to show the buyer the appraisal. They can be assured they are getting a fair deal when they buy your house.

4. Field Research

Before deciding on your asking price, I highly recommend you do a little “field research”. You need to actually see some comparable houses that have sold recently and some that are currently for sale in your neighborhood. You need to check out your competition!

Look at houses that have sold recently. Take your reports and drive by the comparable houses that you found on your Internet searches or are listed on your CMA, valuation report, or appraisal. Look at houses currently for sale. Next weekend, get online or grab your local newspaper and make a list of open houses in your area. Map them out and go to as many as you can.

Now you’ve seen your competition. Rate your house on the following compared to other houses that have sold or are currently for sale in your price range. Take into account everything you see that might affect your opinion of your house’s value. How does your house compare to others houses in your area and price range on curb appeal, location, condition, features, landscaping, upgrades, and view? Adjust your price accordingly.

Now that you know the best ways to price your house for sale you should have a realistic idea of what your asking price should be. You can proceed with selling your own house with confidence knowing you are asking the right price.

Whittier Homes for sale Pays Team