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Friday, January 13, 2012

Home Buyer Tip - Quality (Condition) is always linked to price regardless of what the marketing fluff says!

This is not a newsflash!   At the end of the day not all deals are as good as one may think.  Especially that short sale or foreclosure property you may be considering. 

A wise person said a long time ago "In this world you get what you pay for!"

If you have read very many real estate listings you have probably seen the words.... like "great value for the handy person," "a super deal," "unbelievable" and...well you get the picture.

Most of the time these words are meaningless fluff!    

I must concede that the writer (agent)/seller almost always sees the glass as half full!

Distressed properties, especially foreclosures, are very often priced less than standard sales and for a good reason.

Short sale properties often suffer from deferred maintenance.   Even worse are the foreclosures where the appliances, AC, hot water heater, garage door opener, and more have disappeared.   I have seen properties where even the interior doors, the vanities, and more have disappeared.

Was it the previous owner or did someone vandalize the property?   You never know but there is one thing you should remember ...you get what you pay for in this world. 

If you are thinking about buying a short sale consider this point... Are you a good potential short sale buyer?

If you are considering a foreclosure make sure you understand the difference between a foreclosure and a short sale.

Quality (condition) is always linked to price regardless of what the marketing fluff says!




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