searching

I have been searching the MLS for properties with the intent of getting into either a fix and flip or a buy and hold and rent property. I have a pretty good idea of the locations that I feel I need to look in based on price and resale. Many of the properties that are listed as Foreclosures or REOs are in fairly poor condition. In most cases this would not be a problem as I intend on fixing most everything up anyway. I figure as long as mold has not set in and there were no major structural problems, than as long as it can be purchased at a good price, I can afford to fix it up.

I looked at a few places in several different neighborhoods in the Jacksonville area. Some are concrete block construction others are brick or wood. Most are on slabs but some are off grade. Each on has its advantages and disadvantages. With Florida being so humid, concrete block structures do not have the same climate problems or WDO problems a wood structure would have.

One investor I talked to had a page or two on his clip board and as he roamed the house he would check off pre-priced items. So by the end of his walk through he had a pretty good idea of what the project would cost. I have since adopted this policy.

What are some of the benefits that I bring to the table as a buyers representative.

1. First we need to evaluate the customers specific needs, desires. Working with the customer to find the property that fits all personal and financial requirements.

Since we all know that there is what we want and what we can afford and often times these are two different things it is a goos idea to know from the start what you can afford in todays economy.

2. Assist in establishing a relationship with an experienced lender. I have several lenders that I have worked with over time so I can help find the person who is the right fit for your situation.

3. Create property searches and auto searches on the Multiple Listing Service which will keep you up to date on the properties that fit you personal requirements.
If you are one who likes to run your own internet searches, I will set yo up with a Listing book account that will enable you to search on the MLS and change the parameters of your search as you go. Giving you as much flexability as we have to search properties.

4. Showings. Property showings. The showing always seems to be an interesting lesson in individual choice. Some customers like to be told everything that is going on around them and given a tour and some like to observe on thier own and just have me around to answer questions. I try to be sensative to the needs of the individual I am attending to a the time.

5. TBA

Well, as of last Friday I have a contract going for home sale. The best part is that this is not a short sale. Yesterday we did the inspection and the property passed with flying colors. Next we have to have the VA do an appraisal. I am going to call about that right now.

I am a little surprised that when we put a $145K bid on a short sale that was listed at $160K they want to wait ten days to see if anything else comes through. Have they no idea what the market is like out there. that was a fair offer for the situation.

Today was really nice we went to watch jack play soccer and then it was of to the Nocatee farmers market. that was very cool. Lots of goo food and music. Now I am just a little burnt from the sun. All I want is water and sleep.

I love my SG GT that my wife got for me for my 44th birthday. Best present ever!!!!