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I am asked on a regular basis, “where
can I find the best deals?”
We are certainly in a Buyers market and the great deals are there, especially
when we consider the abundant inventory.
The advice I give to my clients is to not to get discouraged too quickly when
they see an asking price that is higher than expected in this “soft”
market. What we sometimes forget is that
it is the market place, not the seller that will ultimately determine the value
of the property. What would a reasonable person pay for that particular
property in today’s market?
A broker or agent like myself can
research the public records and determine what properties have sold and for how
much in the neighboring are. We will then compare the property you are
interested in to the recent neighborhood sales. We will also factor in other
criteria like the length of time the property has been on the market and any
special financial situations.
Let’s proceed in this direction: Pick
out any properties you find that seem to suit your needs, even if they may be a
bit above your proposed budget. Send me the information you have about the
property and I will do a market evaluation to determine the market value of the
homes in question.
Once we determine the true market value, we will be in a favorable
position when presenting an Offer. Often the "comps"
will support our case for making an Offer that is significantly lower than
the Asking Price.
I look forward to working with you. This is the time to Buy, but only if
you "Buy Right".
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