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The Wild Wild West of Real Estate - Put Your Gun Back in Your Holster There'll Be NO Robbing Today!

By
Real Estate Broker/Owner with Lisa Glowacki - Rhode Island & Massachusetts

  From the Desk of Lisa Glowacki Real Estate

 Here is what is on my mind.  Be it right or wrong it's my opinion.  So you are looking to buy a house.  I understand you want a great price what I don't understand is:

Homes that you let get away or overlook.  As I search the MLS and see the expireds or withdrawns I ask myself just what are you looking for? There are great homes offered at good prices, let me correct that statement, offered at good ASKING prices.  Sellers are aware that they are competing with Bank Owned, Short Sales, and Flips however they are not going to let you steal their home therefore WITHDRAWN or EXPIRED.  Not everyone who puts thier home on the market has to sell or are even close to having to sell so if that is what you are waiting for guess what, yup, WITHDRAW or EXPIRED.

REOs and Shorts.   Sometimes I don't even know what you are expecting to find.  There are some good buys and some not so much. However you should expect them to be dated and most, if not all, to need work.  They are priced that way.  Often when you add the cost of repairs or cosmetic upgrades you are close to market value. If you don't have the money or time to fix them and if you don't have funds in reserve for the unexpected maybe you should talk to your loan originator and ask what the difference in your mortgage payment would be if you bought a home that is not a REO or Short.  You might be surprised with the answer.  There are some good homes but they go FAST so be ready.  

At Auction.   This is a topic for another post but there will be no ROBBING here either.

So buyers entering the Wild Wild West of Real Estate find a real estate agent to protect your interest.  It doesn't cost you ONE RED CENT.  I know many of you think differently but believe or not we think of you first. So hard as it may be at times try to listen. 

Call me anytime I'll show you around.  I look at good, bad, and ugly everyday. 

Paula Hathaway, REALTOR, LBA
Douglas Elliman Real Estate - Southampton, NY
...A Local Expert in all The Hamptons

Lisa: You are so right... Most buyers today are indecisive and CAN"T make a deciaion even if they are looking at the bargain of the century..can't say as I blame them either with whats going on in the business today. It takes nerves of steel or a person who has no issues with paying a price they may live to regret one day!

Oct 28, 2010 06:00 AM
Lisa Glowacki
Lisa Glowacki - Rhode Island & Massachusetts - Tiverton, RI
Real Estate Broker - RI & MA

Thanks for stopping by Paula.  It sure is crazy right now.  There are some really good buys but like you say a lot of hesitation.

Nov 01, 2010 05:07 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lisa, great advice to buyers, unfortunately some of the buyers are not buyers rather professional lookers. When I get a buyer they buy. Then I have others who have been looking 2-3 years.......

Nov 20, 2010 08:19 AM
Lisa Glowacki
Lisa Glowacki - Rhode Island & Massachusetts - Tiverton, RI
Real Estate Broker - RI & MA

Endre,  Isn't that the truth.  Funny times.

Nov 21, 2010 03:20 AM