Sam Nueman's Blog

Many buyers and even real estate brokers don't know about the different HUD programs available for buyers. Do you know you can purchase a HUD home for just $100 down and even be able to finance the needed repairs into your loan? Do you also know you can purchase a nice HUD home and only have to p...

We all know that short sale takes a lot of work and is a long process. I listed a property that was very popular in the neighborhood; however, we (my sellers & I) wanted to make sure whomever's offer that was accepted will be patient enough to wait for their bank's response. I spoke with this buy...

If you are doing a short sale where the seller has an FHA insured loan, it's important to be aware of a few things; apart from submitting all of the required documents.1) You can start the short sale process with the lenders without first needing an offer.2) The lender will send an appraiser (not...

First impression and perception is so important when selling a house. Do you know that lots of buyers get turned off the moment they pull up to you're ‘for sale' house? Or when they walk in, they are slammed with lots of personal properties/ clutter. In real estate clutter doesn't necessarily mea...

You know a few years ago short sale was not that popular. Now everybody and their dogs are doing it even if they know what they are doing or not. I guess they call it 'learn as you go', except the people that are paying for it are the sellers and even buyers. Now don't misunderstand me. Short sal...

We all know that there are lots of great deals out there, however, we as agents/ brokers have to be realistic and educate our clients accordingly. I deal with lots of short sales especially on the listing side. If a property is listed at $250k and you know it can easily go for $315K as is. Why wo...

As a broker that sell lots of short sale properties, I have encountered different approaches from buyers' agents as to what and how they think short sale works. I always have to educate them, which I don't mind. Short sale process is not the same as a foreclosure. First, the offer has to be accep...

Do you remember how the saying goes 'never count your chickens before they hatch'? Well, that really means a lot when you are doing a short sale. Many of you that have done a few short sales know what I'm talking about. You see, it's hard enough as it is to get both the 1st & 2nd mortgage to appr...

When I first started doing short sales, I went through a hands on training. Sometimes my hands got burnt and sometimes I anticipated a mistake before it happened. So that I could correct it without wasting too much time. After successfully closing on many short sales, you learn how to weed out th...