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DOOR TO THE EAST SHORE [sm]
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"Let Me Be Your Door To The East Shore"
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| | Todd Ostrander
"I'm highly motivated, very ambitious and receptive to all your needs. I always have your best interest at heart. Let's make something happen together!" | |
| CALL ME TODAY!
Todd Ostrander
Multi-Million Dollar Producer
RE/MAX Olympic Realty
445 5th Avenue
Indialantic, FL 32903
(321) 749-8405 Cell
(321) 952-4000 Office
Email:
Todd@DoorToTheEastShore.Com
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CHECK OUT MY ACTIVE LISTINGS
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| SELLERS
As you are aware, there are many aspects to selling property. These include finding the right price, choosing the right agent to represent you, developing a great marketing plan and of course keeping the property looking good for prospective buyers. By working together, I am positive that we will get the results we are looking for. HELP ME, HELP YOU!
I will do a Comparative market analysis for your house to show you the current market value. Then, we will agree on a price that will give your property all the attention it deserves. Once we have a price I can have our title company do a sample HUD statement so you can clearly see your loan payoff, closing costs, commissions & most important your bottom line! I strongly believe in selling my own listings with my marketing techniques, but I will work together with other agents to get the property sold ASAP. Hopefully with all the energy we put forth we can reach that special buyer that will appreciate your property enough to make an offer. Then I will negotiate with your best interest always at heart!!
BUYERS
You can Search all active properties on the market yourself by using the [HOME SEARCH] section of the website. If you find something you like I can research it for you and set up a private showing. You need to have an agent to represent & negotiate for you these days!
If you want me to actively help you in your home search go to [BUYERS & SELLERS] section under DREAM HOME FINDER and fill in the requested information. I can then send you personalized MLS listings by e-mail and watch for new houses coming on the market matching your criteria. I will go the extra mile to find you the property you have been searching for!
I would love to act as your buyers agent. I don't cost you anything and I work for you to find you the right property. I get paid only when you buy something by splitting the commission with the listing agent. I arrange all the showings for you so we can look at many properties in a short period of time. I don't try to push anything on you but just get you in the door so you can decide. Then if you find something you are interested enough to make an offer on, I negotiate with your best interest at heart!!
A SHORT SALE DESCRIBED
A short sale means the bank is making up the difference of a shortage of what is still owed versus the current fair market value of the property.
SELLER EFFECTS:
It is very beneficial for the seller because they can price the house a lot lower than the other active listings that are comparable in the area. Generally the listing agent has the power to chose the listing price based on what has sold.They report that price to the title company that they choose to help negotiate the short sale. It is very important that you have a good title agent to do this task. The title agent creates a HUD (Housing & Urban Development) This document shows the shortage including Real Estate commission, closing costs, liens & loans on the property ect. The title agent then submits it to the bank.
The seller has to qualify for a short sale by submitting an authorization form and a hardship letter to the title agent. This letter has to outline the difference in the sellers life now versus when they qualified to buy the house in the past. If the bank accepts the hardship letter the chances are slim that they will come back to retrieve the money.
This low price creates a lot of attention and many people come to look at the property in a short amount of time. Generally if the listing agent did his research work he will attract the right buyer in a short amount of time.
The MLS rule is that if you receive a reasonable offer from a qualified buyer and send it to the bank you have to mark the listing "contingent" which means it is under contract. Before accepting an offer it is advisable to warn the buyer or buyers agent that the process could take up to 6 months and if the buyer is patient it will eventually close. As a listing agent it is advisable to accept a back-up offer before taking the property off the market just in case the first buyer walks.
In this situation the Listing agent has a different role than a normal listing. The listing agent does not have the pressure of getting the most money for their seller like a normal transaction. The listing agent should have a knowledge of the amount of money and terms of a offer that may look attractive to the bank. This information should be shared with the buyer or buyers agent so the deal has a chance of closing.
BUYER EFFECTS:
The most important thing you need when you are shopping for short sales is an experienced and trustworthy buyers agent. The buyer is sometimes is misinformed by their agent or the media that the seller is very desperate so they end up making a lower than"fair market price" offer. The bank in this case will wait for a better offer when the buyer is hanging in the balance.
Behind the scenes: The bank involved sells the shortage to a private investor and it is not known what the ratio of moneys owed or the bottom line so it is a real mystery trying to second guess what exactly they are looking for.
A lot of short sales sell for just below or even over list price. It is up to your buyers agent to communicate with the listing agent and then educate their buyer on "fair market value" versus how bad the buyer wants the property.
Once the offer is submitted it takes a long time (different banks are different) for the case to be assigned to a negotiator. Once that is accomplished and communication between the title company and the bank is opened a B.P.O. (bank price opinion) is ordered.
The B.P.O. agent is generally an agent from a Real Estate
company and will call the listing agent for showing instructions. At this time, the listing agent should take the opportunity to discuss how the list price was created and why offer price was accepted whether it be comps, condition or both. The B.P.O. agent does an analysis of the area and hopefully looks at the same comps that the listing agent did when he listed it. Normally the numbers match with in a percentage and the bank will let the house go for that price.
As soon as the bank approves the price all contract dates start moving forward. All disclosures need to be signed, escrow money needs to be deposited and inspections need to be scheduled. (some buyers choose to do a pre-approval inspection if they really have doubts about the house) At this point a buyer can lock in on a percentage rate and their bank can start the closing process.
At closing, the short sale seller walks away with nothing. The buyer gets a great deal on the house. The closing room is not as friendly sometimes as regular transactions.
SPECIALIZATION
I specialize in representing my clients with their best interest always at heart. I will assist you in the purchases and sales of single-family residences, condos, townhouses and income property within the city of Melbourne and the surrounding beaches. I keep current on all transactions in these areas. I also know a lot of properties that are not listed but the owner wants to sell. In the Real Estate world we call these POCKET LISTINGS!!
PERSONAL
Todd has been serving the citizens of Brevard County for many years with high energy, hard work and his unique way with people. He has taken this same drive and motivation along with a great attitude into his real estate career. Todd's vast knowledge of the many neighborhoods and communities in the area, interest in real estate and willingness to go above and beyond for his clients is a winning combination for either buyers or sellers! Let me be Your "Door to the East Shore"
EXTRA'S INCLUDED ON THIS WEBSITE (SLIDE SHOWS)
(***To play these tours you must have ADOBE FLASH PLAYER if you don't have this program you can download it from the main ADOBE website)
1. MY GALLERY - (a) A biography page that tells you some information about me as a person.**In the next pages the pictures are small but if you click on them they enlarge**(b) "Listings" A look at all the listings I have had past & present. (c) "Sold" A look at all the properties that I have sold. (d) "Beyond The Door" - An inside look at some of my clients, service support and closings. (e) "Private Side Door" - A quick look behind the scenes at RE/MAX Olympic Realty.
2. BEHIND THE DOOR - The secret & basis behind my motto that represents the name that I adopted in my Real Estate career. "Door To The East Shore"
3. UNLOCK THE DOOR - A beautiful tour of all the proerties that I have had listed past & present.
4. UNLOCK THE DOOR II - A continuation of the beautiful tour of all the properties that I have had listed past & present.
5. THRU THE DOOR - A beautiful tour of all the houses that I have sold either as a buyers agent or a listing agent.
6. OPENED THE DOOR - This slide show pays tribute to all the clients that trusted me to help them with the sale or purchase of property.
7. OPENED THE DOOR II - A continuation of all the clients that trusted me to help them in the sale or purchase of property.
8. SERVICE DOOR - Meet the service professionals that support me everyday and go the extra mile to help my clients.
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Each Office is Independently Owned and Operated.
*****THIS WEBSITE WORKS BEST WITH A PC FRIENDLY BROWSER*****
Each Office is Independently Owned and Operated.
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