I posted about this a while ago . But recently I have felt the need to post it again. Many out there are looking only at foreclosures and short sales. But truth be told what they should be looking for is VALUE. Value can be found in short sales and foreclosures . But it can also be found in conventional sales. If you are a first time home buyer do not fall prey to the media hype and limit yourself to looking at one type of property. Let your Realtor show you value. What it s called after that , short sales etc etc. is really meaningless. Value dictates the amount of money you are going to spend. So why not make Value your key word when looking for a good deal?
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Charlie Ragonesi All Mountain Realty Big Canoe and Mountain Blog
On line at www.allmountainrealty.com Call at 706 579 1098
Charlie - absolutely. When people tell me that they are interested in foreclosures, I usually say "oops, I thought your were looking for a nice condo for a very good price", and they start laughing.
Because that's what they are looking for, the value. Whether it is a foreclosed unit (REO), or a short sale, or straight sale...
Well, Charlie, I don't think I see the word value out there too much. It sure is needed and I like your thinking.
Hi Charlie:
Well said...
There are some great buys out there, and it doesn't need to be in the form of a short sale or foreclosure.
Charlie, absolutely. A well priced conventional sale usually turns out to be an even better deal as it doesn't need any work. Of course, the key is that it be well priced. Since most appraisers are using foreclosures as comps, a regular sale that is priced right is usually just slightly above a foreclosure and is a deal that can't be beat.