There are some myths about real estate agents, many of which are not so flattering. But when it comes down to it, real estate agents are not too out there, and there is a logical explanation to each misconception. Let’s straighten out a couple myths and facts.

Myth #1: They have big hair.

Fact: Though occasionally real estate agents do have big hair, most are regular people who get up in the morning just like you do, and go to work just like you do. Many real estate agents, in fact, are going bald due to stress related hair loss. Same with the fancy dagger-shaped manicures; in actuality, many real estate agents have bitten their nails down to nubs.

Myth #2: Real Estate Agents drive luxury cars while talking on their cell phones.

Fact: Itâ??s true that real estate agents are often trying to do too many things at once, but they like to be careful about it. And though real estate agents would like to make a good impression on you, more often than not they drive Hondas and Toyotas and hope that their hard work will sell you, not their Lexus.

Myth #3: Real Estate Agents know your area.

Fact: Just like normal people, real estate agents canâ??t know everything. Though they do spend a lot of time driving around town, they canâ??t be in all places at once, and they themselves probably have preferences for one neighborhood versus another. Make it clear to your realtor what kind of area you want to live in, and they can help you look within that section of town.

Myth #4: Real Estate Agents live outside of time.

Fact: Real estate agents have lives too, and those lives happen to take place in the same physical realm as yours does. While it might seem like they spend a strangely disproportionate chunk of time speaking with you, they are actually trying to be as time-conscious as possible, so that you can move more quickly into your home and they can move more quickly to helping their next client.

Myth #5: Real Estate Agents just want your money.

Fact: What real estate agents actually want is an easy life. They want to help you find a home you love, and they want to make their (often small) bit of commission off of it (and thatâ??s off the sale, not out of your pocket). They do not want your soul or your firstborn, just some patience, consideration, and a positive home-buying experience for all.

Real estate transactions
The following is a listing of real estate transactions recorded in Oakland County during the days of July 26-29, 2010.
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Home buyers in today’s market will be aware that there may be opportunities to purchase from sellers in financial distress, at a price below market value, and in so doing stop foreclosures. They may hear of these opportunities from friends, the realtor, with whom they may already be in contact, or just by being observant, reading newspaper columns, noting for sale signage, all indicators that a seller is impatient.

In the reinstatement period following default many homeowners do not know where to turn for help, but do know that if only they can sell their home quickly, they have enough cash to move. Chances are they aren’t as fully informed as they should be about their rights and remedies; they may caste the lender in an antagonistic role, they may have tried to refinance with other lenders and failed.

With the help of a realtor experienced in the particular issues of foreclosure properties, a buyer intent on stretching his cash and pre-approved financing just as far he can, will be able to determine the right price to pay for this particular piece of real estate.

Together or separately you must find a way to win the owners’ trust, understand what has led to the default, determine that there is indeed a way to structure your offer and close a sale without delay in which everyone, seller, lender and buyer, gain a quantifiable benefit.

Buying in the pre foreclosure period requires a source of great leads, an ability to get there first, and a way of showing the owner the options that appeal to him. Prepare for an all cash buyout if you can’t assume the loan, prepare to ease out if you learn that at the end of the day, the discount gained doesn’t warrant the risk of being wrong about the cost of the repairs you deem essential. Many investors may smell a “short sale” opportunity, and negotiate through the owner/borrower with the lender with an offer less than the recorded debt in default. This approach is not for the novice, and does not “cure” although it may result in the debt being totally extinguished. With other home owners near or in default now in many states, with little equity and facing both stagnant house prices and tighter restrictions on borrowing, you can be sure another property will soon meet your needs and those of the owner who is desperate to cure the default.

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A practical guide to selling your home in this bad economy!

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Answer by Claire
Krogstad did hav a wife, i think she died

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Selling an asset or investment out of sheer urgency and necessity is referred to as a distress sale. In this kind of sale, the property owner is unable to make the mortgage payments and finally ends up in foreclosure. It may also apply to a run down property, in need of serious repairs. These sales often prove beneficial to the buyers, as the property is sold at a price less than what the owner owes the mortgage company. There could be several reasons that crop up from daily situations leading to the sale of homes fast, in distress, such as job loss, economy, health, divorce, death, loss in business, interest rates and poor financial management.

Selling a home as a distress sale involves the following:

. Cost savings

. Price reductions

. Low down payments

. Low purchase price

. Less competition

. Better terms

The following ways would help you sell your home fast, at a distress sale:

Online selling: The Internet plays a significant role in selling homes via a distress sale. It helps sellers, buyers as well as the real estate agents, as it offers them with a wide range of clientele. It also provides them with specifications related to size, location, number of bedrooms, bathrooms, kitchen, study-rooms and other significant information, required by prospective buyers. Apart from this, online selling also provides additional information related to a house at a distress sale. Most of the time the prices are also mentioned and that helps both, sellers as well as buyers, to avoid the stressful task of enquiring before quoting a price. They even mention the address, contact numbers as well as the most suitable visiting hours, to add to the comfort of the buyers and sell the house fast as possible.

Multiple Listing Services: The multiple listing services, commonly known as MLS is a database that allows the real estate brokers to represent sellers under a listing contract. Multiple listing services operate is easily accessible by buyers and real estate agents. It basically ensures effective dissemination of information. This helpful to a real estate agent, to search the MLS system and retrieve information about the other homes for sale in the specified area.

Selling your house to a real estate investor or investment company: You could also sell your house to a real estate investor or investment company, as it involves no contingencies for financing the sale of your house. You do not need to invest anything in the repairs of your home. Moreover, you need not wait for a month to receive the money from the buyer.

Upload details of your home on the Internet: In order to sell your home fast at a distress sale, you should upload the picture of your home on the Internet, specifying the details of your house. This enables the property to instantly attract the attention of potential buyers. Try to place photographs that would define the exterior as well as the interior of your house at its best. If possible get it done by a professional photographer.

Publish advertisements in newspapers: To sell your house fast at a distress sale, you should publish advertisements in the daily local newspapers. You should highlight the necessary details concerning the house. You should also mention your address and contact number, to add to the convenience of prospective buyers as well as yours.

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