Everyone is looking for a deal! In most people's mind that means buying a foreclosure. While foreclosures are certainly known for being a good opportunity for buying a deal. They are not always the best avenue.

In a market where the media is really preaching foreclosures we would certainly be branding with that idea. However, the market in my area is an 80-20 market.  80% of the homes are trying to sell and the other 20% are really IN the market. That 20% includes many foreclosure but also some GREAT re-sale properties that are priced very aggressively. This smaller portion of the market is a "seller's market" and those homes go fast!

So for sellers it is important to know that everyone wants a deal, so when you get ready to sell you better be in the best condition and the lowest price of all your competition. This will ensure you get sold instead of just "trying."

Buyers, don't get tunnel vision and be open to ALL the deals out there, not just foreclosures. Often foreclosed home will not qualify for FHA loans due to condition of the property. With a good re-sale you can get a turn-key home at a great price! It is important that you have a good agent advise you on any purchase to ensure that you are actually getting a deal today! Be weary of the "when the market turns" pitch! This market may be our new norm so make sure you have someone helping you plan for when you get ready to re-sale the home years down the road! For more information see us at www.TheCarolinaCrew.com