Well, you want to find the best deal in the market? That one property that you can tell all your friends you got for a steal. Wow, do I have a deal for you. In fact, I have tons of deals for you. Why? Because in the 18 years I've selling real estate, this market today, is one of the best for a buyer. Come on now, interest rates are increadible. Short-sales, foreclosures and a super depressed maket make this time one of the best times to buy that I've seen in a long time. Just be very careful of what you get yourself into. Why do I say that? Read on:
I've had many a buyer look at the current prices and try to purchase a foreclosure only to be stopped by an inspection or appraisal half way through. I make sure and run comparible sales and really look at the homes condition and see if there is a way to make it happen for the loan program the buyer is using. I use 203k loans for some of them but BE CAREFUL. If you are trying to buy a HUD home, it probably already has an appraisal on it and that appraisal will be used (if under 6 months old) and even if you want to add the cost for the improvements to the loan you can't go over the appraisal.
I see so many problems in the market that could be avoided if the agent knew what to look out for. Use an agent that knows what they are doing.
Enjoy and reap the rewards. They should be great!
