AboutMelinda Gossard Expertise I can address the aspects, how-to's, and tips when buying/selling homes in Maryland & Pennsylvania.
Experience Licensed Realtor in the MD and PA area over 5 years.
Organizations Rebac, CRS, NAR, MAR, Pen-Mar (local board, currently Treasurer of)
Education/Credentials Bachelor of Science - Sociology
Accredited Buyer's Representative (ABR)
Graduate, Realtor Institute (GRI)
Internet Professional (E-PRO)
Associate Broker - M
Awards and Honors 2006 Pen-Mar Realtor of the Year
Graduate of the 2006 MAR "Leadership Academy"
Expert: Melinda Gossard Date: 7/17/2008 Subject: Interested on buying a pre-foreclosure house
Question Hello Melinda,
I have 2 questions:
(1) I saw a pre-foreclosure house that built in year 2006 and the asking price is $309,900. This is a new area and there are still some new houses are to build around it. If I'm going to offer it after I take a look the house, what range shall I give? The house is in Sugar Land, TX (telfair homes) Of course, I'd like the number to be low as possible and hope it's not hard to lower the price. Just hoping.
(2) The back of this house is facing to one boulevard/street and not too far from the community swimming pool, I'd say 3 houses away. Will it affect the value of resale. Is it going to be hard to re-sell?
I'll appreciate with your professional opinions.
Thank you very much in advance.
Mei-Ling Wu
Answer I can't give you a price range. You should find out what the prices are for homes currently for sale in that development are, and what prices homes have sold for in the past 6 months. Buying in a development where there is a lot of construction will make it harder to sell if you end up selling before the construction is finished because someone could "buy new" instead of buying a re-sale home.
