I signed up for a foreclosure website and found a house (that I previously fell in love with) that is going through pre-forclosure. Right now this house is on the market for 189,000 but on Realtytrac it shows the amount left on the loan is 68000. It says on the website to send a letter to the owner if interested, if your not comfortable to contact a real estate agent. But this house is on the market right now, would I find my own agent to contact this person or go through the person this guy has right now? And should I put a bid in for how much they owe- or for like 100,000 thousand? I've never bought a house before, let alone one that is going through pre for closure. My aunt just old her house to a guy like this kinda. Hers was on the market and it was almost to forclosure and he bought it. Ahh. :) I just need helpAnswer Question
You can get your own realtor and the seller pays commission. I don't think I would recommend using their realtor because of the conflict of interest. He has to represent them. If you do use their agent, you will have to sign a form that says that they are representing the seller as well and that they can't discuss conversations they have with the seller with you unless it has to do with the offer.
As far as your offer goes, I would have a realtor or maybe find out if your mortgage company (I am guessing that you are pre-approved) to run comps to find out what an acceptable offer would be.
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