Archive for the ‘La Porte’ Category

Hasty and Sweeping Generalizations about Short Sales are illogical.

We are Listing and Selling them in reasonable time frames.

With cash deals, some Short sales are closing even quicker than regular listed properties!

Just depends on the lender, cooperation of the seller, qualification of the buyer, and on the experience, knowledge and tenacity of the REALTORS handling the transaction:)

Below are several Homes For Sale in Northwest Indiana that are subject to lenders approval of a Short Sale.

To read More about Short Sales Check out these previous BLOGS about our experiences in getting them done and then give us a call.

Short Sales are Not a Game.

Some Short Sales in Northwest Indiana Real Estate Are Getting Done Quicker & Easier !
Indiana HomeOwner’s facing Short Sale – A New Law that may help!

Short Sale tips that Helped us.

Porter County, Indiana -Valparaiso, IN 46383 Home For Sale – Offer Subject to Lenders Approval of a Short Sale

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La Porte, Indiana – LaPorte, IN 46350 Home For Sale – Offer Subject to Lenders Approval of a Short Sale

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Starke County, Indiana - Bass Lake Area Home For Sale – Offer Subject To Lenders Approval of a Short Sale

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Knox, Indiana 46534 – Fixer Upper Home for Sale – Offer Subject to Lenders Approval of a Short Sale.

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Our Listings of REO or Bank Owned Properties For Sale are selling quickly in Northwest Indiana.

Recently we had a listing which was under contract in only 14 days on the market, and closed 27 days later.

However – there was much time, energy and effort by us behind the scenes working collaboratively with the REO specialist at the bank which took months PRIOR to this happening!

This included:

Doing Broker Price Opinion’s in both an “as-is” condition AND another BPO with repair estimates included.

This required meeting multiple licensed contractors at the property in order to provide detailed written quotes on any Repairs or Mold remediation.

Submitting these to the REO Manager (on Bank Forms) and awaiting the file to be returned from committee for decision on what work will actually be doneand the decision on listing price, takes persistent follow up skills.

Detailed Photos (before and after) and invoicingmust be kept & shared with the bank contact.

Also, the REO department has specific Bank Contracts and Addendum’s that differ from our State or Local Board Real Estate agreements and these must be reviewed carefully.

Sometimes, customary fee’s like Title Insurance, are NOT customary , but negotiable!

Financing REO Properties is another topic in and of itself these days

Mortgage departments familiar with this ever growing trend of Real Estate sales are sharing their specific requirements for internal financing of REO properties which may or may not differ from their Local lending branches for conventional home sales.

All in all, in our opinion here are the keys to a quick REO sale ->

• Competitive Market Price- a Real Estate Broker experienced in BPO’s can help set this!
• Decent Property Condition – a home in which health or safety concerns have been addressed & corrected sells quicker!
• Mass Marketing efforts / Internet sydication of the listing from day one of going on the market- multiple showings and competition among qualified buyers yields better offers (a Certified Residential Specialist can help with this
• Excellent communication,attention to details, and meticulous follow through by the Listing Agent (s) of Record are needed in this current market to get deals to the closing table!

If you are a Bank or Lender who has Inventory of Foreclosed Homes in NW Indiana and are looking? to move them quickly, please call us for a confidential consultation. References available on request.

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more @ NorthWestIndianaRealEstateBlog.com

 Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate – Independently Owned & Operated

13 Lincolnway Suite # 203,  Valparaiso, IN 46383          Office # 219-309-9930

With the NEW Tax credit for existing home owners (of 5 years) who plan to sell and move up or downsize (up to $6,500).
PLUS
The extension of the 1st Time Home Buyer tax Credit (up to $8K)….
The Next 5 months window of opportunity is best captured when partnered with experienced Professional REALTORS.
Call us to represent you in your next property transaction. 219.405.1232.
Jeff Safrin – Real Estate Broker/Owner
Grace Safrin – Certified Residential Specialist
F.C. Tucker 1st Team Real Estate serving NW Indiana
“Spouses Selling Houses” TM

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more @ NorthWestIndianaRealEstateBlog.com

 Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate – Independently Owned & Operated

13 Lincolnway Suite # 203,  Valparaiso, IN 46383          Office # 219-309-9930