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Just Because It's For Sale Doesn't Mean It's On Sale

By
Real Estate Agent with eXp Realty LLC 0225227139

Everyone is looking for a bargain.  I myself hate to pay full price for anything.  That is just because I love a deal.  Heck we all love a deal.  I've never heard of anyone bragging about how must they over paid for something. 

But for me to expect to get a deal on everything I buy every time I purchase something would be unrealistic because sometimes the value is more than the price.

As a buyer in the current market I think it is important to be very educated even more now than before about how to negotiate a good deal but also how to determine what is a good deal.

There are many opportunities out there and some of them are good and some of them are not so good.  As an agent that sees them all and I've been doing my "home" work for years now, I hope that if anyone is interested in taking advaantage of the opportunites in this market that they find some expereienced agent, whether it be me or another quality agent.  I would hate to get a phone call after someone has made an investment and over paid or purchased a property that was a little more than they could handle and not be able to get out of it.

Just because you get a great price does not mean you get a great deal.  How many times have I purchased something cheaper that looked like it was going to be a great deal only to find out it wasn't such a bargain after all. 

Before investing in any real estate in this market do your "home" work and contact an agent that knows what they are doing.

If you have any quesitons I'd be happy to give you my advice in investing in real estate in the Lynchburg and surrounding areas.

Posted by

Nannette Turner Saunders, Associate Broker

Short Sales Coordinator

Keller Williams Realty

1709 Laskin Road

Virginia Beach Va

Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker

Great points, Nannette.  Haven't we all bought something on sale at one time or another only to regret taking the cheap way out later down the line because it fell apart or didn't work like it was supposed to?

Jan 12, 2009 05:37 AM
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com

So true. There are bargains and there are investments... sometimes the gap between them is huge.

Jan 17, 2009 06:36 AM
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

While I haven't heard anyone brag about overpaying for something, I have heard people brag about how much they paid for something. It's interesting how that works, though, because even though they are bragging about paying $500,000 for the Saleen S7 Supercar, they'll happily tell you in the same breath that they got it for $53,000 under the manufacturer's suggested list price. LOL

Jan 21, 2009 08:42 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Nannette,

You have made some valid points in this post. Thanks for sharing.

Jan 29, 2009 10:38 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I had a buyer tell me they wanted to make an offer 40% less than list price, like the Macy's sale after Christmas.  I didn't miss a beat and said, "The price listed is 40% less than it was valued two years ago." 

 

 

Feb 07, 2009 09:31 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Nannette, there are a lot of homes on sale right now as well, because there are a lot of distressed homeowners, short sales, and foreclosures.  You make a valid point, however, in that not all of these homes have the same value.  You need to be very cautious in knowing about what you are purchasing.  There are a lot of things that may be wrong with the home that one cannot visually see.  Working with an expert in the industry is critical.

Feb 15, 2009 01:51 PM