Although we hear that this is a seller's market and that multiple offers are the norm, here in Del Norte County, California we still see some bank owned (REO) homes and short sales.
These are slowing down, however, therefore I urge first time home buyers to get in touch with me before even this inventory has dried out.
HERE IS HOW I CAN HELP YOU GET THE BEST PRICE:
There are quite a few provisions in a Purchase Agreement that can save keep buyers from buying an overpriced home. Now, I know this is becoming a seller's market, but not all buyers have cash in the bank to cover the difference between the home's value as appraised and what the sellers want.
That is why I always have two contingencies in the Purchase Agreement:
1. The loan contingency to stay in effect until the designated loans are funded.
2. The sales price contingent on the Appraisal.
The other items I always put into a sales contract as a matter of course:
1. Recurring and non-recurring closing costs paid for by seller.
2. The home has to clear appraisal.
ONE OF MY BUYERS JUST PURCHASED 284 FRESNO STREET, CRESCENT CITY, CALIFORNIA.
The short sale lender wanted $100,000, my buyer purchased it for $83,000.
PLUS:
My buyers' closing costs were paid, recurring and non-recurring. (The buyers purchased with an FHA loan, 3.5% down)
Repairs were done to the home.
AGAIN, IF YOU ARE IN THE MARKET FOR A LOW PRICED HOME, THEY ARE STILL AVAILABLE.
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