This 3 bed, 2.5 bath home for sale at 10623 pueblo Pl NW, Albuquerque, NM is listed for $139,900.
More info: http://www.coldwellbankerlegacy.com/681078
Contact Keith and Gina MacRae at 505-792-7628 or keith.macrae@coldwellbankerlegacy.com
MLS ID: 681078
Property Type: Residential
Description: OK, so it needs cosmetics BUT LOOK AT THE PRICE!! A little work will make this SHINE! Great location close to Cibola High, public transportation as well as Cottonwood Mall area shopping and restaurants! Just minutes from Rio Rancho too. Beautiful green community park is right across the street. Good floorplan with great use of space. Nice curb appeal. HOA maintains the front landscaping for a uniform neighborhood appearance. Drive-through garage gives access to the back yard. A great value!
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http://www.stlouisrealestatetoday.com/listing-gallery/168-saylesville-chesterfield-mo-63017/
This remarkable all-brick 4 bed/3.5 bath 2-story residence is guaranteed to impress! You’ll be greeted with big 2-story entry foyer that has dual stained glass windows + formal living & dining rooms to either side. The elegant dining room has a mirrored wall & the living room features sunny bay window & a floor-to-ceiling brick see-thru fireplace that also opens to the inviting family room. The family room also has crown moulding, a bay-style walk-out to the back patio & a recessed wet bar with a stained glass window. The big kitchen & breakfast room boast a planning desk, center island, granite counters, ceramic tile backsplash & a walk-out to the relaxing 15×12 3-season room. The huge master suite includes a 2nd brick fireplace, built-in bookshelves, walk-in closet & a wonderful master bath with sunken oval tub, shower & double sinks. The finished lower level adds a rec room, full bath, office & plenty of storage including a walk-in cedar closet. Rear-entry garage too!
Marketed for Sale by Kelsey Cottrell Realty – call 314-373-2250 for more details.
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This 4 bed, 2 bath home for sale at 1224 Goodwin Ln, Bernalillo, NM is listed for $345,000.
More info: http://www.coldwellbankerlegacy.com/680258
Contact Cheryl Kane at 505-338-4618 or cheryl.kane@coldwellbankerlegacy.com
MLS ID: 680258
Property Type: Residential
Description: From the moment you open the front court yard gate you know you are entering a home with great details. From the hard wood floors, arches, custom ceilings, vigas, sky lights, fireplaces and the beautiful views, to the livable one level floor plan, this home is not to be missed! Just under 2100 sq ft, one level, 4 BR, 2 BA, formal living and dining room, large greatroom, kiva fireplace, and beautiful landscaping including a custom outdoor fireplace!
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Every other home that is listed in mls in my area, put "short sale" in description. what is short sale?
A "Short Sale" is when the property for sale is listed at a price that is less than what the current owners owe for the property. So if the house was purchased for $100,000, and now the original buyer is late on their mortgage, with the recession in housing, the house may now only be worth $90,000 – and that is what the seller is now listing it for. Once the seller receives an offer, they will submit to the bank that the house is only worth as much as the offer. The bank then has the option to accept the offer and let the original seller "off the hook" or not. Often times banks will accept the lesser amount because the alternative is that the house goes into foreclosure, the bank then will have to sell the property, pay the attorneys and the real estate people and taxes. They might be able to walk away with more through the short sale than any other way. Some banks won’t accept the short sale, because they know the property is still worth at least $100,000. Regardless, if a person makes an offer on a short sale home, it means that even if the seller accepts the offer, it still has to be approved by the bank.
hope that helps.
This 3 bed, 1.75 bath home for sale at 4601 Sherwood, Albuquerque, NM is listed for $290,000.
More info: http://www.coldwellbankerlegacy.com/679290
Contact Joe Maez at 505-892-1000 or joe.maez@coldwellbankerlegacy.com
MLS ID: 679290
Property Type: Custom
Description: JUST LISTED! This house has all the new amenities you are looking for. NEW Curb Appeal! NEW tile! New Carpet!! NEW Cabinets! NEW Granite Countertops! NEW Bath fixtures! NEW Landscaping! NEW Floorplan! NEW Paint! NEW Appliances. Same amazing location in a great golf course community and neighborhood. All this home is missing is a new owner. This home is ready just in time for the tax credit for first and second time buyers. Visit our open house this saturday April 10th 2010 at 1pm
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Is it possible to get an MLS listing when you are for sale by owner? I’m trying to save money so I’d like to sell my home myself, but I think the marketing exposure of the MLS listing would be important to have.
Is it possible to be listed without an agent?
Yes. Try MLS by owner:
http://www.mlsbyowners.com/home.asp
This 4 bed, 2.5 bath home for sale at 10456 Venticello Dr, Albuquerque, NM is listed for $299,900.
More info: http://www.coldwellbankerlegacy.com/668630
Contact Matt DeAveiro at 505-891-5609 or matt.deaveiro@coldwellbankerlegacy.com
MLS ID: 668630
Property Type: Ranch
Description: Grand Canyon model by D R Horton with views of the Sandias. This 4 or 5 bedroom home has $60,000 worth of upgrades – our loss is your gain! Solid surface countertops, upgraded cabinets, ceramic tile in kitchen, dining room and wet areas, upgraded sinks & faucets, wrought iron staircase, custom fireplace, cathedral ceilings. Surround sound, 3-car garage, fully landscaped, oversized lot and much more. Priced to sell!!!
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This 0 bed, 0 bath home for sale at 0 Mn State Highway 368 St, Ruidoso, NM is listed for $2,500,000.
More info: http://www.coldwellbankerlegacy.com/659000
Contact Jim Bruskas at 505-275-5214 or jim.bruskas@coldwellbankerlegacy.com
MLS ID: 659000
Property Type: Commercial
Description: This Property Is Best Know As the Lavender Spring Ranch Which Is East Of Ruidoso And Noth Of Tinnie, Nm. Currently The Ranch Is Planted With Speacialty Crops Consisting Of Lavender And Raspberries. Together With The Improvements Of The Ranch Headquarters And Additional Multi Use Capabilities Such As A Recreational Site Open To The Public, This Property Boasts Great Facilities And A Concessionary Business.
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This 4 bed, 2.5 bath home for sale at 9820 Clearwater St NW, Albuquerque, NM is listed for $449,000.
More info: http://www.coldwellbankerlegacy.com/664922
Contact Sandy Domeny at 505-792-7614 or sandy.domeny@coldwellbankerlegacy.com
MLS ID: 664922
Property Type: Residential
Description: YOUR PERSONAL RESORT !! Gourmet kitchen features granite counters,SS appliances,bkfst bar & nook. Formal LR and DR and a huge family with FP. 1st floor study. Upstairs find a master suite with access to a Trex deck that wraps two sides of the house with magnificent mountain & city views. There is also a game room, with a wet bar that seller will convert to 4th BR upon request, plus 2 add’l BR’s. The backyard features a putting green, 22 x 20 basketball court, covered patio & open patio, dog run
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My husband and I recently placed an offer on a short sale home that was listed at 199,000. We offered 201,000 and closing costs. We know we were the highest offer, and ours was the only one submitted to the bank. What are our odds?
My husband and I recently placed an offer on a short sale home that was listed at 199,000. We offered 201,000 and closing costs. We know we were the highest offer, and ours was the only one submitted to the bank. What are our odds? Is there anything we can do to increase our chances? We love the home, but our offer was the absolute highest we can go.
Very difficult to say. There are a couple of reasons for this:
First, unlike a foreclosure (in which the bank actually owns the house and sets the listing price), in a short sale the individual selling the house sets the price. Generally, in fact, the documents aren’t presented to the bank for its approval until after there’s a ratified contract. To use an extreme example, the house might have sold for $750,000 two years ago and even today might be worth $400,000. There’s nothing to stop the seller from pricing it at $199,000…but it’s very unlikely the bank would approve that transaction. On the other hand, if the real fair market value of the property is roughly $200,000–supported by comps–then there’s a decent chance the bank will approve. But the point is: Unlike a foreclosure or a "regular" sale, there’s no assurance at all that the listed price is a good one or that the person making the decision will agree to it.
Second, banks are unpredictable. Let’s say that $200,000 is a fair price for the house, based on other recent sales activity. Some lenders will approve the sale; others won’t. It gets even more complicated if there’s a second mortgage on the property and another lender holds the second. It’s much easier if there’s just one mortgage on the property, or if only one lender holds both mortgages. That’s because there’s only one decision-maker, not two.
It’s too late to do much about improving your chances. The offer’s been submitted. What I would have suggested pre-offer is: Make sure your Realtor has experience with short sales. It’s really up to the listing agent to help push it through, but your agent has to stay on top of the issue. Also, you have to follow the lender’s requirements (in the short sale package) EXACTLY. That means if the lender is asking the seller for three years of tax returns, then two years aren’t enough. Also, there’s an art to writing a hardship letter; hopefully the listing agent knew that and understood that. On top of that, your offer should have been submitted with any photos or documentation showing the poor condition of the house. The worse the house appears, the lower amount the lender is likely to accept. When repairs are needed, it’s even helpful to submit a contractor’s estimate of the repairs.
Also, even though you love the home (and if your Realtor advised differently, I defer to your Realtor), I would not have advised you to make an offer at the "absolute highest" you could afford. What if they would have accepted $195,000? What if you’d offered $195,000 and they’d countered at $200,000? That would have worked. Now if the lender counters at $207,000, or isn’t willing to pay closing costs, you’ve lost the house. So now you have to hope that: (1) Your price is fully acceptable, and (2) The lender agrees to pay all closing costs.
You’re also aware, I hope, that even successful short sales can take months. I’ve heard of them taking 6-8 months or more. So you have to be patient. However, you also have to stay in regular contact with your Realtor and make sure that he/she is in frequent (like every few days) contact with the listing agent.
Hope that helps. Good luck.