How many times in this market have we heard this? Consumers ask yourself this question: Are you looking for a foreclosure or are you looking for a good deal? It appears everyone thinks of the word Foreclosure and assumes it is a good deal or THE ONLY DEAL in town. That is not necessarily the case. I ask my clients all the time do you want me to find you a foreclosed property or the best property that meets your qualifications of a "good deal?"
There are times when properties that are short sales or REO's are the best deal or situation for a client, but I personally have sellers that price there homes competitively and offer incentives that are on par with whomever the competition is. In some cases dealing with a traditional resale property gives a good value and a better conditioned property than the foreclosure. In some areas we are seeing brand new construction compete with the foreclosures and being much better deals than resales! It all depends on the clients need and/or qualification.
The moral of this story is both agent and consumer please keep your mind open to finding the best "deal" that fits you or your clients needs and do not become short sighted or have tunnel vision based upon one type of property.