When you sit down with this Realtor (or any other), sign the IABS (Information About Brokerage Services), sign the Buyer Representation Agreement (give him/her 15, 30 or 60 days as a test), provide proof of funds and your complete information and that way the Realtor will know you are committed to buying a property and not wasting his/her time driving around to see houses.

In general, those types of trade lines will have more influence on your score the better they sit on your credit.

If the area is indeed "hot" you will get bidding wars.If you price it too high some buyers wont even look so it will sit on the market lingering, you then start reductions and next thing you know, everyone is wondering whats wrong with it.

Does it sit or does it sell?

Apples and oranges.No bank wants a builder to sit on the asset once completed.  

Originally posted by @Brandon Turner: Here's a $1,000,000 in @Darren Sager 's part of the world: :) @Brandon Turner You're absolutely right if this is sitting in Manhattan.

When evaluating the property to list a broker/agent is supposed to look at what makes up the most value for an asset.So for instance a dumpy house that sits on 10 acres.

Once that goal is realized, then it's just watching wildlife on the lake and sitting back by the fire.

I could also see myself flipping/rehabbing houses.Right now, I am sitting on the sidelines, building the war chest, and researching the business before I return to glorious Charm City.

The average listing price for similar homes for sale is 290K The property sits on nice golf course on the eight Hole