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Are your FACTS just Fantasies?

By Sara Woolford & Steve Golson, ALHS

Real Estate Broker/Owner with iTexas Realty Co.

March 07, 2010 03:04 PM

Finding information from various sources that support your pre-conceived notions does not make them FACTS.

If your FANTASY says you can buy a distressed home in San Antonio, Texas for pennies on the dollar, you might be disappointed to learn that you do not want to live in a distressed home, or spend the money to fix it- or live in that neighborhood.

There is always a good reason why homes sell for “pennies on the dollar”-

What do you think those reasons might be?

It is highly unlikely that Goldilocks decided to move the Bear family to Detroit. Or that Cinderella got tired of living with the Prince in that fabulous castle- and moved to a loft downtown.

Before you decide that you should only consider looking at homes that are distressed sales, have a candid talk with us and find out how to explore all of your options for finding a great home, at a great price, in a great neighborhood.

In other words, let's separate Facts from Fantasies and move to your Dream Home.

--Steve

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William James Walton Sr.

WEICHERT, REALTORS® - Briotti Group - Waterbury, CT

Greater Waterbury Real Estate

Indeed. Our biases predispose us to seek out information that will confirm our biases, not demolish them. But it is never a wise idea when it ocmes to buying a home (or selling it, for that matter) to be that subjective.

Mar 07, 2010 03:08 PM

Irina Riley

American Dream Colorado - Woodland Park, CO

GRI, SFR, CNE, e-PRO, SRES

Sara, well said. Some Buyers after purchasing "good deals" find themselves in a "money pit" home, which can put them into a very difficult financing situation.

Mar 07, 2010 03:10 PM

Sara Woolford & Steve Golson, ALHS

iTexas Realty Co. - San Antonio, TX

Hi William- All those pre-conceptions. They can really cost a buyer...

Hi Irina- Most Buyers don't understand that there are properties, that by virtue of their poor condition, are not even eligible for financing and are strictly for cash buyers/investors.

Thanks for commenting!

Steve

Mar 07, 2010 03:16 PM

Matthew Naumann

Exit Realty Charleston Group - Goose Creek, SC

Goose Creek, SC Real Estate Agent

Steve,

Great Post. It is so true, after looking a couple of those distressed homes many buyers are in total shock.

Thanks for sharing,

Matt Naumann

Mar 08, 2010 04:38 AM

JL Boney, III

Coldwell Banker - Columbia, SC

Columbia, SC Real Estate

Everyone wants a deal, but very few people understand exactly what a deal is when they see it. They want more for less.

Mar 09, 2010 01:27 PM

It's the "something for nothing" people who drive me nuts. Real estate has turned into a Flea Market!

We are blessed with lots of business from really nice people- which makes it even more aggravating when a 'tire-kicking fool' calls looking for a 'steal'...I feel like asking them where they hide their mask and gun! THANKS FOR ALL Y'ALL'S THOUGHTS! -Steve

Mar 10, 2010 11:07 AM

Jim Frimmer

HomeSmart Realty West - San Diego, CA

Realtor & CDPE, Mission Valley specialist

I love fantasies. I'm watching Harry Potter and the Goblet of Fire right now! LOL

_________
Come join the fun in ActiveRain's Guerrilla Marketing Team Contest.

Mar 20, 2010 03:30 PM

Thanks for visiting Jim. We appreciate your patronage! See you on your posts too!-Steve

Mar 21, 2010 03:40 PM

Are your FACTS just Fantasies?

Comments(8)

Sara Woolford & Steve Golson, ALHS

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