We Tell it Like It Is

Take this quiz and find out!

1) Do you have the stomach to look at homes that are absolute pieces of crap that should be knocked or burned down to smithereens rather than attempted to be sold to God knows who that smell like a combination of animal urine-soaked carpet sitting in the sun baking for 3 weeks with unidentifiable objects ground into it that could be (but may not be) disintegrated chicken wings and stale cigarette smoke?

2) Do you have the patience to put in an offer and wait up to 6 months for an answer; hearing your Realtor tell you over and over again that there is nothing they can do to speed up the process short of showing up to the bank armed with machine guns threatening everyone's lives to get an answer asap?

3) Are you fine with the fact that the seller of the home takes zero responsibility for any issues that may be in the home such as mold, asbestos, meth production, buried human remains on the property, to name a few and you must rely solely on your home inspector to find any of these issues because you are buying the house blindly?

4) Is it ok with you that you must be financially "ok'd" by the lender that the seller's agent prefers even though you are already pre-approved with a lender that you know & trust and be subjected to this other lender's pressure to use them for your mortgage instead?

5) If you needed to use an FHA loan, would you be bothered by the fact that once your offer is accepted and your home inspection went without a hitch, an FHA appraiser comes out and tells you that you are not going to be given the money to buy the home because there is paint chipping on a few areas on the house unless you pay $1,000 to hire a painter and have it all repainted before closing?

6) Are you ok with signing 50 more documents from the bank once your offer gets accepted that states exactly what the offer you submitted said but its just not good enough?

7) Are you ok with the fact that the bank takes forever to get answers and documents to you but they expect you to respond at the speed of light or else the deal is off?

If you answered "yes" to all of these questions, let's get going! You're ready to buy a foreclosed or short sale property. If you answered "no" to ANY of these, you need to think twice.