All Forum Posts by: Ray Slack

My opinion is she can only deduct for " normal" cleaning if it's agreed to in the lease. 

Castles castles a great place to buy Windows but you need to have your window installer  measure for you. And then order them from Castle.

A few points.. The agent doesn't seem to have refused to present or write up the offer. He was only said it's unlikely or impossible for it to get accepted.  Therefore, the posts claiming this is illegal is simply wrong. 

In your position, I would thank your agent for his assessment or your offer price and let him know that you fully expect a counter offer and would like to submit this as a starting point.  Also, if you like the agent and don't want to end your relationship with him ask if he can prepare a short one page letter of intent on the property and present that to the listing agent.  This will save the agent the time of preparing an entire contract. Most agents will agree to do this as it only takes a few minutes as opposed to the hour + a contract takes to draw up.  Have them save the template for your L.O.I. and on your next property it will be a breeze to fill out and submit.

If he still refuses to draft an offer for you, post here on B.P. for an "investor friendly" agent that will submit multiple low offer on properties for you.. You will get new/desperate agents that will do this for you though you will be not be getting the advice and knowledge of more experienced agents that value their time too much to work with low-balling buyers.

How long did it take?  You mean from when you wrote the contract to closing? or at what age did you buy it? or how long did it take to find it?   Be more specific in your question.

Most loans take 30-45 days to get approved and closed from contract to closing. 

How much time are you talking about it taking to clear the title after the scheduled closing? 

That was already done when they converted to online auctions.   For everything New Yorker than buys a South Beach condo at foreclosure online for the condo association judgment only to find out after the auction that there is a huge first mortgage there are 3 more ready to take their place. That's why I mostly buy in the Washington DC area now.  : )

The other thing that would provide value is to pull mortgage, lien, and satisfaction history from the public records.  Creating a pencil search.   You could charge separately for this option.   As I'm sure you know Miami Dade foreclosures are sold subject to any liens and mortgages and most novices don't know how to do a title search without having a title company do it.

Well my best input would be to make sure and pull all pictures and descriptions of all Sold, under contract and active comps into your system. Comps without pictures are pretty close to useless.

I would say the most valuable thing you could provide to me as an investor would be the bank's reserve with a level of certainty percentage. If that was accurate it would save me a lot of wasted time in research.

The other issue is reaching your target market. The 'old school" guys would hand out their Free copy at to everyone that came to the foreclosure sales. Now that they are online that would be a bit tougher. I guess you could go through and see the successful bidders of past auctions and try to contact them. You can't really determine value of a property without having pictures of past sold properties. Right now the MLS provides the best interior pictures of past sold listings and also pictures of expired listings that didn't sell. This is how we determine value. Your hard copy" competitors are giving a valuation range but sometimes that is $100,000 difference between the high and low selling price which doesn't give much useful information.