Banks are getting smarter so let's help our buyers not miss obvious opportunities

By
Real Estate Agent with Coldwell Banker Burnet

I have been working with 1st time buyer for about a week. He is capped out at $145,000.   He wants to purchase a single family ghome in Dakota or Scott County. If you would have asked me four years ago if you could find single family homes in this price range, I would have told you that you were on crack! I have been amazed how many properties are listed bellow $150,000.  The only problem is that every decent property has two to four offers on them! The banks finally get it and are pricing some of gthe3se properties so ridiculously low that Buyers are jumping on them.  Moral of the story is help our client analyze and realize many of these proprieties have been discounted enough already so there is no need to play the typical "BUYER GAMES" like  low ball 25k under list when the property has all ready been adjusted for condition. Now more than ever we need to help our buyers see a property's real value and not let their ego and desire to make a steal prevent them from making a wise investment and purchase.

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