November is here and with it some of the best deals I have seen in a long time. This week at WestCoast Home Inspection we inspected some absolutely great real estate deals. I as usual ran all around western Washington from Bellevue to Lacey, all parts of Tacoma, Graham, Spanaway, Puyallup and Federal Way. The most amazing part of the week (with the exception of the rain) was the deals that my clients were getting. The rain was an annoyance and I can't remember the last time I (and my paper work) got so soaked, but house after house I was consistently surprised by the prices the agents I was working with had negotiated. I had a couple of first time buyers with a great house in a very nice neighborhood in Bellevue for $ 430k while every house around it was at 500-600k. I had a past client have me look at a duplex in North Tacoma that was under contract for $150k. I looked at a condo for $77k (no not a typo, it was a two bedroom for 77 thousand dollars) and another investor client of mine bought a house in Tacoma for $103k with an offer on another for $60k.
Now all of these properties, with the exception of the condo, needed some repairs. Some needed major repairs and others just needed common maintenance type repairs. Some were owned by banks and some were estate sales, but the bottom line was that there were some screaming deals to be had and money to be made. No matter if you are buying your first home or investing in real-estate. There are great deals out there. Take a look around, talk to some agents and then get out there and find a deal. After that give me a call and let's take a good look at it. Remember inspection results are a great way to negotiate repairs as well as price reductions. Have a great week and take a look at some real estate. I know we will be.
Sincerely, Matt Sorensen WestCoast Home Inspection.
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