I have a client who wants me to focus on finding short sales and foreclosures for him to buy. What is the best way to find these types of properties?
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10-29-2007 03:51 PM #1
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Locating Short Sales & Foreclosures
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10-29-2007 03:58 PM #2
REW Client
Indy Realtor's Most Recent Blog Entry: Carmel Indiana Real Estate - Market Update December 2011
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Re: Locating Short Sales & Foreclosures
You don't have a way to search this through your MLS? If there is not already a built in search for this, can you search for keywords in the remarks sections? Surely, there must be a way through your local MLS.
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10-29-2007 04:00 PM #3
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Re: Locating Short Sales & Foreclosures
On my MLS you can set up a search that way
Looking for Real Estate, Investments, Condos in Dallas-Fort Worth-Denton-Keller-Haslet-North Texas Area. We have you covered, 400 New Homes and 60,000 Pre-owned home. Mike Pannell 817-703-3238
Dallas Texas Real Estate | Fort Worth Texas Real Estate | Dallas Real Estate
And remember...Nu Home Source Realty Rebates 20% of earned commissions back to the buyer!
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10-29-2007 06:58 PM #4
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Re: Locating Short Sales & Foreclosures
I don't think our MLS has that. I guess I will need to double check. Thanks.
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10-29-2007 07:46 PM #5
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Re: Locating Short Sales & Foreclosures
Did you ask him why he wants you to focus on short sales & foreclosures?
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10-29-2007 07:52 PM #6
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Re: Locating Short Sales & Foreclosures
Sounds like an investor. I bet he wants to get a steal on a house.
Originally Posted by ericbramlett
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10-29-2007 08:26 PM #7
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Re: Locating Short Sales & Foreclosures
I would focus your client on the best "deal" out there which may or may not be a foreclosure or short sale.
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10-29-2007 08:41 PM #8
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Re: Locating Short Sales & Foreclosures
That's my point - 95% of the short sales/foreclosures out there are NOT good deals...there are many "investors" who want to focus on foreclosures because of the misconception that they're all a steal. Originally Posted by Discover Davis Homes
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10-30-2007 03:15 AM #9
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Re: Locating Short Sales & Foreclosures
Interesting to read. I also assumed that foreclosures would pretty much always be a good deal. At the time when I was buying, I didn't know how to find them either. I guess it didn't matter since I found a great home anyway.
Cleo Shahateet
Weichert Realtors
Manassas, Virginia
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Northern Virginia Real Estate
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10-30-2007 06:27 AM #10
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Re: Locating Short Sales & Foreclosures
He does think he can get a better deal on a foreclosure. And yes, I did make my opinion known that there are going to be better deals out there and focusing on foreclosures is not the way to go. But he keeps coming back to that.
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