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?
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices
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...
Jul 05, 2010 08:29 AM
Referral Patners LLC - Murphy, TX
Well, Charlie, I don't think I see the word value out there too much. It sure is needed and I like your thinking.
Jul 05, 2010 08:30 AM
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,
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.
Jul 05, 2010 10:10 AM
Magdalena Dokic - Indialantic, FL
Selling the beach in Florida's space coast
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.
Jul 05, 2010 11:06 AM
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