buying tips: What is the #1 Tip you can give for BUYING A BANK OWNED HOME? - 05/26/11 07:08 PM
I WAS INTERVIEWED YESTERDAY FOR AN ARTICLE AND WAS ASKED What is the #1 Tip you can give for BUYING A BANK OWNED HOME? I deal with alot of bank owned homes throughout New Hampshire. I am proud to be one of the leading listing agents of Bank owned homes in the Manchester NH area. My basic answer was there was not 1 thing but a list of things that a buyer needs to do to if they want to buy a bank owned home.Where should a buyer start?The first thing you need to do is be pre-approved for a loan. No bank … (4 comments)

buying tips: CASH BUYERS VS MORTGAGE USERS - What you may need to know - 05/14/11 08:40 AM
CASH BUYERS VS MORTGAGE USERS
With cash buyers on the rise, potential buyers who need to get a mortgage may have met their match. When a seller looks at an offer with a mortgage contingincy, they see a chance that deal wont close if th ebuyer doesnt get their mortgage. With a cash sale, there is no mortgage contingincy, it is virtual slam dunk it will close. Some sellers will takeĀ a lower cash offer for that peace of mind of a sure sale.
In this market the buyer who needs a mortgage can not always compete.
But they can increase their odds... First … (9 comments)

buying tips: My FORECLOSURE "Tip of the Day" for Friay 4/1/2011 -Inspecting a REO- - 04/01/11 08:20 AM
Welcome to day 4 of my newest blog, it includes my Foreclosure "Tip of Day" with such topics as buying a bank owned home and for home owners, how to avoid getting into foreclsoure. I hope you come back often as my blog grows. Please feel free to leave a comment or question...TODAY'S TIP OF THE DAY1. HOME INSPECTIONS WITH A BANK OWNED HOME.  .One of the most important issues is performing a home inspection. This contingincy kills more offers on bank owned homes than any. Some banks will let you have an inspection however they will not renegotiate the price after the inspection … (2 comments)

buying tips: My FORECLOSURE "Tip of the Day" for Thursday 3/31/2011 -Making an offer they will accept- - 03/31/11 09:10 AM
Welcome to day 3 of my newest blog, it includes my Foreclosure "Tip of Day" with such topics as buying a bank owned home and for home owners, how to avoid getting into foreclsoure. I hope you come back often as my blog grows. Please feel free to leave a comment or question...TODAY'S TIP OF THE DAY1. WRITING AN OFFER THAT HAS A BETTER CHANCE OF BEING ACCEPTED OVER THE COMPETITION.  .Once you find a property that you would like to make an offer on, you need to know how the process works. You need to ask the listing agent if there are any … (3 comments)

buying tips: My FORECLOSURE "Tip of the Day" for Tue 3/29/2011 - 03/29/11 09:05 AM
Welcome to day 2 of my newest blog, it includes my Foreclosure "Tip of Day" with such topics as buying a bank owned home and for home owners, how to avoid getting into foreclsoure. I hope you come back often as my blog grows. Please feel free to leave a comment or question...TODAY'S TIP OF THE DAY1. BEFORE even starting to look at bank owned properties, Get pre-approved for a mortgage. .The first thing you need to do is be pre-approved for a loan. No bank will look at your offer without it. There is a difference between prequalified and preapproved. A pre … (0 comments)

buying tips: Today's FORECLOSURE "Tip of The day" for Monday 3/28/11 - 03/28/11 03:40 PM
Welcome to my newest blog, it includes my Foreclosure "Tip of Day" with such topics as buying a bank owned home and for home owners, how to avoid getting into foreclsoure. I hope you come back often as my blog grows. Please feel free to leave a comment or question...TODAY'S TIP OF THE DAY1. Never open the refrigerator in a bank owned home. You may not like what you find, see or smell.Alright... i hear the moans that this was my number 1 tip, well what is common sense to Realtors or investors may not be common sense for a owner … (4 comments)

buying tips: OLD Fashioned VS NEW Fashioned Real Estate agents. What are you talking about? - 03/21/11 09:21 AM
 
I had one of the most interesting questions while being interviewed by a perspective seller that I wanted to share with you all. I was asked if is was a "NEW Fashioned Realtior' or an "OLD Fashioned Realtor"?The seller proceeded to tell me before i answered, that they had decided to hire a self proclaimed "New Fashioned" Realtor to sell their home originally because they would have state of the computers, technology and marketing which would give them an advantage. That what they got was a state of the art web page and a listing in MLS. What they did … (5 comments)

buying tips: SHOULD I BUY A SHORT SALE OR A BANK OWNED HOME? - 03/15/11 08:43 AM
One of the most asked questions from buyers wanting to jump into the market is "SHOULD I BUY A SHORT SALE OR A BANK OWNED HOME?" All the buyers have the same goal which is to get the best possible deal as prices stabilize and start heading up as we come out of recession.The simple answer is iIt clearly depends on the amount of time you have to purchase and if you have the patience to be able to wait out a short sale. Short sales can take a long time to get approved and your offer is not guaranteed to … (0 comments)

buying tips: The REAL "BANK OWNED" HOMES of America- A story in pictures part 12 - 03/13/11 09:51 AM
The REAL "BANK OWNED" HOMES of the America- A story in pictures part 12Todays "Foreclosure" of the day
 A large part of our business these days is REO " Bank Owned" homes. I receive so many comments how i can work with these "crooks" etc.... But there is another side to this story... by no means is any of this alright.... As you all know, as part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to … (3 comments)

buying tips: How to get your offer accepted on a Bank Owned home and what to avoid at all cost. - 03/07/11 09:02 AM
One of the largest myths in making offers to bank owned homes or even a short sale, is the media or these late night infomercials telling buyers to offer a certain percentage off the asking price of a property; Especially bank owned homes.

You should never base your offer on a percentage off an asking price. You do not know if that asking price is at market value, if it is priced way above market value and your percentage off may be too low or the asking price is already below market value and your offer would be way to low.
(0 comments)

buying tips: The REAL "BANK OWNED" HOMES of the USA- A story in pictures part 10 - 02/17/11 08:57 AM
 
The REAL "BANK OWNED" HOMES of the USA- A story in pictures part 10Todays "Foreclosure" of the day
Good Morning all,
During my last couple of posts, i received a comment that has stuck with me this week as i have been through a good 20 new foreclosed homes since Monday. The comment asked me to think of the pain the family and kids felt because of the foreclsoure. I wrote a response to them while keeping this in the back of mind. The majority if new foreclsoures are trashed, completely wrecked on purpose. More than half the properties we have found … (0 comments)

buying tips: Today's FORECLOSURE of the Day - a story in pictures part 3 - 01/22/11 05:31 PM
 
Today's FORECLOSURE of the Day - a story in pictures part 3
As part of my ongoing blog, everyone reads and sees the mainstream media everyday reporting on foreclosed homes, but only a very few get to see inside them on a daily basis. I have decided to share with you the cream of the crop. It is a shame...PLEASE FEEL FREE TO SEE  OUR PREVIOUS BLOGS ON THIS TOPICPART 1 (please click here) http://actvra.in/4j8PART 2 (please click here) http://actvra.in/4km
If you are interested in purchasing a bank owned home, please see my blog with tips and advice on buying a bank owned … (2 comments)

buying tips: Just when you think you have seen it all from the banks, think again - 01/20/11 07:49 PM
Just when you think you have seen it all from the banks, think againAs a listing agent for several different banks each week brings up new and exciting challenges. The recent trend has been getting listings under contract and then having to wait and wait and wait some more for the foreclsoure deed ot be filed or for the deed to be signed that transfers the home to new buyer. Now all banks are not like this, just a select few and thankfully the minority.In the latest rash of waiting i have had a home that we have been waiting a couple of months … (1 comments)

buying tips: Do you know the Golden Rule for viewing a foreclosed home? - 01/14/11 04:46 PM
Do you know the Golden Rule for viewing a foreclosed home?If you are eating... look away now....Whether you are a buyer or an agent, listing or selling broker or just completing a bpo, there is 1 golden rule i pass onto every buyer and fellow agent who goes into a bank owned home that has not been cleaned yet.DON'T OPEN THE FRIDGE!!!!!Why would i possibly share this in a blog to you, because despite my best efforts today of sharing this, a buyer agent who was previewing a new listing just had to look.Updated Jan. 14, 2011
(13 comments)

buying tips: THE LOW BALL OFFER - Do you love them or hate them? - 12/29/10 07:13 PM
If you are a buyer, you want the best possible deal. Everyone has their advice how to get the best possible deal, but what is the right way and what is the wrong way?As a buyer, your goal is to get the a property at the best price and terms possible. If you can get it under market value your are getting a "a deal" and will be real happy.Some buyers and their agents use a "the low ball offer". By using this term, a low ball offer is when a buyer makes an offer "way" lower than current market value. FINDING THE … (3 comments)

buying tips: GETTING A MORTGAGE ONLINE VERSUS A LOCAL BANK/MORTGAGE COMPANY - 12/28/10 01:19 PM
There is a great debate growing on GETTING A MORTGAGE ONLINE VERSUS A LOCAL BANK/MORTGAGE COMPANY.There is a trend for potential buyers to look online for their mortgages. A couple of problems is buyers paying application fees and not getting a mortgage and not being able to reach anyone when they need someone. The problem for listing agents are that buyers are handing in prequailification letters for online banks or comopanies that are not worth the paper theya re printed on.You should use the internet to research your mortgage such as rates, closing costs, what type of service or who locally … (3 comments)

buying tips: LEASE PURCHASES - What you need to know to rent to own a home. Tips and warnings revealed. - 11/29/10 10:12 AM
ARE YOU LOOKING TO RENT TO OWN A HOME? OR IF YOU HAVE A HOUSE YOU CAN NOT SELL, IS A RENT OWN PROGRAM FOR YOU?IF YOU ARE A BUYER OR TENANTThe first step: Get Prequailified...It is a good idea as the first step, to get prequailified. Meet with a local and trusted bank or mortgage company. Stay away from internet lenders. You need to find out how long it will take you to get a mortgage so you know how long of a lease your need. As well as what you will need to do to be quailified by the time … (3 comments)

buying tips: I want to purchase Real Estate, What do i do first? - 11/13/10 09:03 AM
One of the common questions i have been receiving is "I want to purchase a property, what do i do to start the process?" If you want to purchase Real Estate, whether for your first home or as an investment, The first step if you need a mortgage, should be getting preapproved for a loan. You should gather your last 2 years tax returns, 3 months bank statements, last 2 paystubs and a list of income and expenses. Please see my blog for advice in tips in obtaing a mortgage in todays markethttp://www.trulia.com/blog/scott_godzyk/2010/10/where_do_i_is_start_if_i_want_to_get_a_mortgage
 Your next step is that you will want to hire a buyer … (2 comments)

buying tips: I OFFERED FULL PRICE ON A SHORT SALE, DOES THAT MEAN MY SALE WILL BE APPROVED? - 08/27/10 09:57 AM
This mornings top question is: I offered full price on a short sale, will that mean it will get approved?Before making an offer on a short sale there are several things you need to know and consider. First a short sale is not guaranteed to ever get approved and can take 3-6 months on average to complete, so you need to have time and patience before making an offer. Second the most common killer of a short sale is price, you want to make sure that asking price was at or near current market value, some agents will cut the price … (1 comments)

buying tips: HOW CAN I FIND OUT WHO OWNS A FORECLOSED HOME? - 08/09/10 10:14 AM
One of the most common questions of late is: "I have been watching this house that got foreclosed on, i really want to buy it, how can i find out which bank owns it?The first thing you should know is that virtually all banks do not sell the properties themselves in which they have foreclosed on. The bank contracts with an asset management company who then contracts with local brokers who are approved in their network.When a property is purchased back by the bank at the foreclosure auction, the property is then assigned to that asset management company which then assigns the listing … (1 comments)

 
Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) Rainmaker large

Scott Godzyk

One of Manchester NH's Leading Agents

Manchester, NH

More about me…

Godzyk Real Estate Services

Address: pob 4783, Manchester, NH, 03108

Office: (603) 661-2121

Email Me

Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Sales, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.


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