How do I find a real estate agent who can help me find a forclosed propety to live in Ohio?
gofaster asked:
My current real estate agent does not deal with to many forclosed properites. How can I find someone who would help me find a forclosed condo?
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Filed Under Renting & Real Estate |
Tagged With Current Real Estate, Propety, Real Deal
Comments
3 Responses to “How do I find a real estate agent who can help me find a forclosed propety to live in Ohio?”
Call all the real estate agents in your area and ask.
Or go to the website below.
Man, does no one ever use Google? It was the first link!
Go to realestate.com.
There is a ton of forclused condos listed with the real estate agents that can help you.
My choice for real estate agents to buy thru is Zip. Reality. They offer you a 20% of there commision back to you.
However i do not use them to sell a home.
You don’t really need a real estate agent to find out about foreclosures. You don’t specify whether the condo will be for your own personal use or as an investment. I’ll present the investment facet.
WHEN the property is bought at the right price AND when the property and your expenses are properly managed.
THEN when you get the right property THE BIGGEST challenge is getting the right tenant for the property AND PROPERLY managing the tenant AND property.
THEN you can earn very good money. OR you should be able to feel a little more comfortable with the purchase of that property for your own use.
You’re going to discover every county in every state/province/territory operates and does things a little differently than the one next to it.
It requires LOTS of time and diligence.
This is what I learned: No one ever gives anyone anything for free. “There is no free lunch.”
The best suggestions I can offer:
1A] It doesn’t make any difference whether you live in a large city or a village/borough, make the investment of time to go to the County Copuirt House or City Hall. Visit athe Recorder of Deeds Office/County Clerk’s Office or whatever the office is referred to in Canada. The names are diffeent, but the Office’s function is the same: to record ALL REAL property documents.
The ladies and gentlemen in the City Hall or Court House are there to help the folks who come there to do business and take care of various matters about that city or county.
1B] You’ll need a specific, actual address - even if its your’s or a friend or relative living in that same county or city. The property owner’s name would be very helpful. Ask an emplyee in that office how to research a property. Write down and/or remember each of the steps you are shown.
2A] When you finish researching that property, go to the Sheriff’s Office. Ask for the rules for Sheriff’s sales and foreclosures.
2B] IF the notices for the Sheriff’s Sales are posted, choose any one or two. If you have to ask for the list, do so. Then pick one or two.
2C] Go back to the Recorder of Deeds Office/County Clerk’s Office. With what you were taught and learned, do the research for that property.
If you get stuck, ask for help.
3] If you are able to do this, attend AT LEAST 3 of those Sheriff’s Sales. You aren’t going to bid on any property. You aren’t going to buy any property. You are there STRICTLY as an observer. You want to see how the process works.
Foreclosures are only one very small aspect of the real estate business. There are others.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!