WNY Handyman

One of the most common questions I am asked when discussing our local real estate market has to do with where you find foreclosure listings. There are a number of places to locate. Certain brokers specialize in foreclosures or REO properties (REO = Real Estate Owned). This refers to property owned by banks.

The first place that you can look for foreclosures is at http://www.nhmsi.com. This site handles the HUD listings in a few states. I would strongly recommend that you be a window shopper if you are not experienced. HUD listings tend to be the worst of the worst on the market and you do not have an opportunity to negotiate with the seller.

If you want to get into the renovation game, step in slowly. Buying the property properly will allow you to do a project properly. As many say, your money is made when you buy the property, not when you repair it. Have firm numbers going in and keep a realistic budget and/or time frame.

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Administrator Exterior Projects foreclosures, hud, listings, reo

Whoever it was the created this demonstration for GE’s SmartGrid project had some creativity. This is one of the coolest demonstrations of recognition (Facial recognition applied to an object). You must watch the video below.

http://ge.ecomagination.com/smartgrid/#/augmented_reality

You can do this yourself. It is a very cool party type demo. All that is needed is a web cam. Turn up the speakers since there is audio. In fact, blow into your microphone to create artificial wind. You will see the windmills really start to spin.

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Administrator Tools and Reviews, Uncategorized

Has anyone tried a RealtyUSA auction? There is a property around the corner that has one of their auction signs out and I can’t locate anything describing how they work it. Sealed bid? Online? In person?

I’ll post more if I find out.

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Administrator Buffalo Real Estate Bargains