Chatterbox on Real Estate

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Blog Name: Chatterbox on Real Estate
Url: http://andreallen.featuredblog.com/
Language: English
Topics: Real Estate, Dekalb County Homes for Sale, First Time Home Buyers
Description: Real Estate Chatter with Andre L. Allen posting information on Buying, Selling, and living in Dekalb County (Metro Atlanta).
Popularity: 4 Followers

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1569 Darwen Ln, Tucker, GA 30084
New Listing - 3 Bedroom/2 Bath for ONLY $169,900!!!Beautiful all brick home with tons of modern updates.  Custom paint with warm tones throughout, hardwood floors and ceramic tiling complete the in...
This Month in Real Estate - February 2010
“Short Sale” Guidelines Released November 30, 2009
The Obama administration laid out final guidelines on Monday that should make it easier for some financially troubled borrowers to sell their homes.The guidelines are designed to encourage the use ...
How do banks price foreclosure properties?
More often than not, when a Buyer decides to make an offer on a bank foreclosure, they feel they should discount the list price by the amount of money the Buyer thinks it will take to restore the p...
Don’t buy a foreclosure without a REALTOR®
Over the past few weeks I have been posting my thoughts, opinions and information on the “system” of purchasing a foreclosed property.  I listed 10 Things You Need to Know, but I am going to share ...
The Top 10 Things You Need to Know When Purchasing a Foreclosed Property in Metro Atlanta - #10
10. The Foreclosure System is Currently OverworkedWith the onslaught of foreclosed properties in housing markets around the county, Real Estate Professionals are experiencing problems they’ve never...
The Top 10 Things You Need to Know When Purchasing a Foreclosed Property in Metro Atlanta - #9
9. PenaltiesThere are stiff penalties for every day the closing is delayed, beyond the date specified in the contract, by the Buyer or the Buyer’s Lender.A typical penalty is $100 per day, and ther...
The Top 10 Things You Need to Know When Purchasing a Foreclosed Property in Metro Atlanta - #8
8. Banks Select the Closing AttorneyIn most transactions, banks have their own attorneys and will require you use them. Although there have been plenty of successful negotiations to select an attor...
The Top 10 Things You Need to Know When Purchasing a Foreclosed Property in Metro Atlanta - #7
7. All Properties are Sold “AS IS”The bank has already lost a significant amount of their investment in these properties and are not willing to negotiate repairs. There are usually no allowances fo...
The Top 10 Things You Need to Know When Purchasing a Foreclosed Property in Metro Atlanta - #6
6. Time is of the EssenceOnce, the contract is “binding” meaning both sides have agreed to the terms and signed all documents, time is of the essence. The bank will typically allow 7 days for the b...

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