
Ok...time to deal with some reality. I hate it too, but, let's deal with the world we live in right? I'd love to tell you that the adds and commercials you see and hear regarding "(Buy a foreclosed home for $300!)" are true, but come on, we're not dummies. Let's not spend any more time on that. The fact is that there are some really great deals are out there right now whether you're looking at a foreclosed, bank owned home or new construction. The thing we need to keep in mind in this buyers market,is that EVERYONE is aware of that fact. That means the sellers, builders, banks and even regular consumers who have their homes listed currently. Now, while some folks do have their homes listed way overpriced, there are generally 3 reasons for that. The seller doesn't believe the economy is in crisis (anythings possible I guess), the realtor wanted the listing so badly that they just told the seller what they wanted to hear to get it, (look to see how long it's been on the market) or the seller really just doesn't want to sell the house. Again, keep in mind, these are our opinions, based on what we've dealt with throughout our careers. Ok, moving on, the sellers who live and breathe in our world (reality) have their homes priced aggressivelly to begin with and it's likely there's not a lot of "wiggle" room. That's not to say that a reasonable concession or offer would be denied, it does mean however that you're not likely to be approved for an offer 30K less than the home is listed. Often times, banks that own properties won't even respond to the offer if it's "insulting". The same goes for the majority if the builders out there that have survived this long. The reason they're still in business is because they have already lowered the prices of there homes drastically and the proof of that is to look at a listing that they had up a year or two ago for a similar home. That will be an eye opener I'm sure. Work with a buyers agent if your in the market and listen to them when they try to help with offers and advice. They work for you and they know the market in their area better than anyone. Let them guide you and remember, more times than not, just about the only sure thing in investment history and futures is real estate. Ask Donanld Trump. Now's the time folks, don't wonder when the market is really going to bottom out only to find out the home you've been watching just went up $5,000. Reality...that's the deal. Take avantage and good luck out there, we're pulling for you!!!
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