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Common Misconceptions Among Buyers
While browsing the real estate blogs I ran across this great article from Colleen McConnell of Tallahassee FL about common misconceptions among buyers.  This is a MUST READ for buyers who are contemplating purchasing a home in this market.  Thanks Colleen!
 

Misconception: If you pay list price, you're paying too much.
If you don't know what the current market value is for homes in the area and whether the market is appreciating or depreciating, you don't know what a fair price is and you're likely to miss out on a great deal by trying to low ball a house that's already priced well.
If the house meets your goals, is within your budget, and is priced competitively, it's a bargain and you should make a strong offer. Get assistance from a professional to help you recognize a good deal and grab it before it's gone.
 Misconception: Foreclosures and short sales are the best buys. 
Many buyers find out the hard way that foreclosures and short sales are full of headaches, may need extensive repairs, require great patience over an extended period, often don't have the criteria that's most important to you, and may never close. 
Short sales abound in Tallahassee ... more

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