Archive for the ‘Merrillville’ Category

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

Serious Buyers Relocate Year Round !

Many people have the idea to “wait” until spring again to put their home on the market.

With that in mind, the competition for homes priced well and staged to sell is less in Fall than in Spring when many more come on the market.

If you are having thoughts about selling your home – why wait and risk Interest rates to go up ? (less people will be able to afford your home if that happens).

Give us a call today or click this link to schedule a Free Comparable Market Analysis.

Have a wonderful Fall Season!

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

Recently we Listed an Affordable Ranch Home in Merrillville, IN

On the way to the listing appointment, we were reminded of many fun times as we passed the Radisson Star Plaza

Hotel AND THEATRE

Not only do they have a Great Irish Pub with good ol food & drink, but we’ve seen funny comedy acts, great concerts and even had our youngest daughters sleepover Birthday Party in Winter at the Hotel a few years back because of their incredible Tropical Indoor Pool & Playground!!!

Because NORTHWEST INDIANA is conveniently located outside of the Major metropolis of Chicago with easy expressway or Toll-road Access as well as South Shore Train for commute….it has become somewhat of a suburb of Chicago-land.

With Lots of Great Shopping Malls and Great City Parks & Services, the Town of Merrillville is worth careful consideration for those looking to relocate to NW Indiana.

Our oldest daughter went to ANDREAN HIGH SCHOOL in Merrillville and had a great time going downstate her senior year for the State Basketball finals and cheering in the CONSECO FIELD house for her TEAM !!!

After the Listing, we stopped at a favorite eatery for a Chicago Style Beef Sandwich at Indiana prices

Yes, The Town of Merrillville, in LAKE COUNTY,

Northwest Indiana has many Fun Options besides these mentioned here- come on down for a visit and experience it for yourself…….

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Spots, 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

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Notice: The Photos in this BLOG are Property of Jeff Safrin and are protected under copyright laws-they may not be copied, reproduced or re-transmitted without the express written consent by Jeff Safrin.