Monday, March 22, 2010

Pre-Foreclosure 4br in Agoura@559K


This Fountainwood Home is in "pre-foreclosure" status which should be a red flag for you buyers. It can mean a million things, but the main thing about this is that there's really no approved price in place. Remember what I always say? "FORGET PRICE, WHAT ARE THE COMPS?" The dynamics of this market are not favorable to "lowballers" and the idea is to get the house, which means come ahead with your strongest offer. And be willing to wait while the bank shops for a better offer. If you're ready to go, loan in place, funds to close where you can get them, offer up a quick close and be aggressive about closing costs and other issues. By the way, ZIP Realty offers a great tool for this: there's a tab called "Sold Homes" which shows you recent comps. Call or text me to view this great home and formulate a winning strategy to purchase.

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