BOA PREQUAL REQUIRED EASY TO SHOW SPACIOUS AND IN PRETTY GOOD SHAPE. NICE LOCATION, PLENTY OF PARKING. BANK OWNED. WHATEVER APPLIANCES ARE THERE STAY.

BANK OWNED NEED COMPLETE REHAB, NO PLUMBING/HEATING CASH OFFER ONLY.

CORPORATE OWNED SINGLE FAMILY SOLD AS IS, NO DISCLOSURES.

SINGLE FAMILY BANK OWNED SOLD AS IS, NO DISCLOSURES,

BANK OWNED SINGLE FAM. SOLD AS IS, NO DISCLOSURES

BANK OWNED TOWNHOUSE SOLD AS IS, NO DISCLOSURES, 2 PETS MAX ALLOWED CATS OR DOGS.

SET UP AS 3 UNITS, PER TOWN-SINGLE FAMILY- NEEDS REHAB. WILL NOT QUALIFY FOR FHA/CHFA.

NEWER COLONIAL IN LOWER REDDING OFFERING 3 BEDROOMS, 2 FULL AND 2 HALF BATHS, NICE KITCHEN WITH GRANITE COUNTERS, LIVING ROOM AND FAMILY ROOM WITH FIREPLACES, HARDWOOD FLOORS THROUGHOUT, HUGE MASTER BEDROOM, FINISHED WALK OUT LL & MORE PREQUAL FROM SELLER REQUIRED, CALL AGENT FOR DETAILS.

Please read this information before writing an offer to help you navigate the process.  Thank you very much for your interest.

1. Unless you can justify it through comparable sales, it is not worth your time to write an offer substantially below list price.  We understand the buyer's desire to get a deal, yet we provide the banks we represent with accurate market information and price the properties to sell.
2. All offers must be professionally written on standard contract forms.  Offers with few contingencies and short settlements will be preferred.
3. Banks require us to present offers to them on a summary form - which is short.  Include a cover letter with three or four things you'd like us to convey to the bank on that short form.
4. All REO properties are sold in AS IS condition (this includes termites).  Banks are not in the business to renovate or repair, but rather price accordingly.  Be sure all offers have an AS IS addendum attached.
5. It is strongly encouraged that all buyers inspect the property prior to writing an offer to avoid the hassle of having to void the contract later.  Depending on the season, the property may be winterized, and utilities turned off. 
6. Of course, we love to co-op with agents representing buyers.
7. Offers submitted over the weekend will be sent to the bank Monday.
8. The volume of inquiries we get prevents us from calling everyone back - therefore, please email us at eddie@gutierrezhomes.com with any questions or offers.  The email address is constantly monitored.
9. All deposit money must be delivered to our office at  4942 Main Street Bridgeport, CT 06606 within 24 hours of offer acceptance.
10. Please leave the seller's name blank when writing your offer.  The information in the public tax record is unlikely to be correct.
11. Banks will typlically not pay commission to agents representing themselves.
12. Many banks reserve the right to pay commissions based on the NET sales price.
13. Response time on offers will likely be several days.  Written deadlines will be ignored by the bank. 
14. If your offer is accepted, the bank will require you to sign a bank addendum.  The language in the addendum cannot be changed.  It may take a week or more to get all documents returned ratified.
15. Banked owned properties are exempt from property condition disclosures.
16. The property was acquired through foreclosure so title delays are common.  The buyer must be patient until the title is fully cleared.
17. The buyer should re-key the property after closing for security reasons.
18. Call us with any questions...203-257-9954

Most Realtors work on contingency: they do not get paid until a client buys or sells a home. The sales commission is their paycheck, compensating them for their time and covering their expenses (such as advertising, automobile, office equipment and supplies, and utilities).

Typically the buyer’s and seller’s agents each receive 3 percent of the sales price. But your Realtor does not usually get the entire 3 percent—it is split again with his or her real estate office.

• Buyer: Most real estate services are paid for from the seller’s proceeds. Approximately 25 percent of the time, however, the buyer pays a portion of the commission. The buyer’s portion of the total commission is usually around 0.25 to 0.5 percent of the purchase price.
• Seller: Traditionally the seller pays the real estate commission for both the selling and the listing agents (typically a total of 6 percent of the sales price). Gutierrez Real Estate Group will detail this expense and any other selling costs (such as taxes) in our initial presentation to you.

        Here are the basics you will need to know in regards to "status" terminology:

ACTIVE: This home is fully available and ready to purchase from a qualified buyer.

SUBJECT TO THIRD PARTY: This home is a short sale. The seller does not have the funds in order to sell the home at the current market price so must sell it contingent upon the Bank (3rd party) approving the loss it will take on the loan that is owed to them.

CTS (Continue to Show): The seller has already signed a primary offer but willing to take "back-up offers". Taking a back up is great for the seller BUT not the purchaser. Typically a back-up offer only strengthens the seller's negotiating with the primary offer. Forcing them to agree to more favorable terms by leveraging your back-up offer.

Pending: (CONTINGENT) This home has an accepted offer but is subject to some type of contingency. Typically a mortagage contingency or title search.

HC/Hubbard Clause: This home has an accepted offer but has a contingency that the Seller can exercise. The seller can accept other offers and can "kick out" the current offer if a better one is received and the current buyer is unwilling to remove their contingency to purchase. This normally is a result of a buyer needing to sell another property first in order to purchase the current home.

SOLD: Closed transaction.

WITHDRAWN: Seller has removed the home from the market and is no longer actively selling the home.

EXPIRED: Seller has not extended the Listing Agreement with the Listing Agent (Realtor) and property is no longer being actively marketed.

BOMK: (Back on Market) This is a short term status when a property comes back to Active status after being placed in pending or withdrawn status.

             For more questions on terminology contact Gutierrez Real Estate Group today to make sure you are looking for the right homes that are still ACTIVE