Selling A House
#15
Originally Posted by mamahippychicky
We have a lot of houses selling here by Deadline Sale. You have to have all offers in by the deadline, and the seller than chooses the best one.
#17
Must be same as what we're seeing here. Just seems odd to adv at whatever price, then 2 days later it'll say to submit bids.
Same here. They try to get all the offers they can by a deadline, and then make a decision. They are not bank owned or short sales.
Originally Posted by lovestosew
Originally Posted by mamahippychicky
We have a lot of houses selling here by Deadline Sale. You have to have all offers in by the deadline, and the seller than chooses the best one.
#18
Originally Posted by plainpat
I've been seeing houses for sale, adv on line or in the newspaper.It gives basic info,along with a few pics.
Then a few days later it says have your best bid in by 5pm today.You don't see that property again,so have no idea what it sold for.This just something new to us,never saw property sold in that way.
They are not re pos...or at least,not mentioned in the adv.Does anyone know what this is called? Want to find out for a friends DS who will be looking to buy 1st house in the Spring.
Then a few days later it says have your best bid in by 5pm today.You don't see that property again,so have no idea what it sold for.This just something new to us,never saw property sold in that way.
They are not re pos...or at least,not mentioned in the adv.Does anyone know what this is called? Want to find out for a friends DS who will be looking to buy 1st house in the Spring.
#19
Senior Member
Join Date: Sep 2009
Location: Dothan, Alabama
Posts: 914
We re-do older homes and most often buy them through auction sites on the internet. If he is looking to buy in the Spring he needs to go to a bank or loan office and get prequalified. Then he needs to find a good Realtor. Shop ahead of time and learn your own market, they are all different.
We have a house for sale that qualifies to go with any loan program....however, we must have a buyer who qualifies to buy. Restrictions have changed.
We have a house for sale that qualifies to go with any loan program....however, we must have a buyer who qualifies to buy. Restrictions have changed.
#20
I am a realtor at Keller Williams in Northwest Indiana and what you have described sounds like a Sheriff Auction which the bank arranges after the house has been on the market as a short sale. If no one buys the house at the auction, the bank gets it back, puts it through the foreclosure process cleaning up the title of liens and judgments, and then after 1-2 years, that property, which has been sitting vacant through summer heat and winter cold, is put back on the market as an REO...Real Estate Owned property. Please feel free to contact me personally and I can help you find a realtor in your state and answer any other questions you have...219 241-8220.
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