Without a doubt, EVERYONE is looking for a deal if they are in the real estate market. Barely a day goes by that I don’t get a call asking me about foreclosures and short sales.
However, those aren’t always the best deals. In fact, on foreclosures I have seen multiple properties go above list… and in some cases higher than they should have gone. At the same time I have seen private party sales that went at great prices. Short sales still seem unwilling to close in most cases.
Regardless, those that move boldly AND logically are the ones that will be the winners.
Take a look at this post from December 12, 2008. While the average value in much of Gwinnett County has dropped 6% or so… people that bought last year when there was little activity in the foreclosure market were getting better deals than some buying today…
from LaneBailey.com
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