AboutDennis Herman Expertise I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?
Experience Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.
Organizations Greater Milwaukee Realtors Association
Wisconsin Realtors Association
National Association of Realtors
Publications http://activerain.com/bloghome
Education/Credentials State of Wisconsin Licensed Real Estate Sales Agent
Accredited Buyer Agency Training
Relocation Training
Certified Senior Citizen Representative
Wisconsin Real Estate Continuing Education
Question My son recently found a listing on Yahoo Foreclosures for a piece of property that he might be interested in bidding on. It contained only very broad info and upon doing some more research we've been able to determine some of the pertinent info but still lack address confirmation and details on the auction(which has been scheduled for next month).
Where would we go to get the whole picture with all details and contact information? Is there usually an agency connected with the town that has this sort of information? Thanks for anything you can enlighten us with.
Answer This is an excellent question. Answering ads on Yahoo and other sites offering foreclosures can be risky, you never know who is on the other end and where they are located. The National Association of Realtors sends us notices of the scams on the Internet. It is easy for these scam artists to copy information from any ad and paste it into their web site. To avoid these scams follow these general rules.
Do not contact any company that does not clearly state the name of the company, address and phone number. BY LAW ALL REAL ESTATES AGENTS MUST CLEARLY STATE THEIR NAME, THE NAME OF THE BROKER AND THE PHONE NUMBER.
Contact only local agents since these are the only agents that will be able to assist you. They can send you listings and set up appointments to see the properties.
Never pay a fee!!! I have never heard of a Real Estate Agent charging a fee to show a property.
Foreclosed properties never give you a lot of information, so you have to call an agent, set the appointments and see the property. You will have the option to hire a state licensed inspector after an accepted offer is signed.
You also have the right to bid on properties. This may be your best price but bidding carries higher risks. Check with a local agent on the bidding process in your area.
Have fun shopping. There is a lot of money to be made off these conditions.
I wanted to make one thing perfectly clear. You can obtain a free list of foreclosed properties from any local Real Estate Agent. This information is public and FREE. If anyone wants to charge for this information, do not reply, delete the e-mail, close the Internet window or hang up the phone. Don't even consider sharing any information if there is a chance of a fee being charged.
