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Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available..By Jody Hudson - Realtor since 1972..
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| Wednesday, December 31, 2008 |
How to find and buy: Cheap Bargain Real Estate, bargains, below market, low prices, cheaper homes, lots, land, businesses and condominiums. They are everywhere and easy to find. Here's how to find and buy from anyone, anywhere.
This article outlines the steps: How to find and buy a negotiation, much in the real estate is the way to get real cheap! Yes, there are ways!
Nearly every call or e-mail that I receive my request for the buyer to find a market. We all feel that when we buy also. We all want a bargain. We all want to get cheap real estate. And we can all do it.
It is somewhat of a challenge, however. Every single buyer I've ever had in my thirty two years of selling real estate wanted to sell the property they have more than it is worth. That is our challenge of Realtors - and of course to buyers.
For these HOT deals in real estate there are at least three things you need to do:
1. First, as a buyer, you must be able and willing to act more quickly than any other buyer.
2. Second, you must be able to know a bargain when you see one. This requires experience and education in the market. Assumptions made from other markets, the contract intended, will sentence you to certain failure ...
3. Third, you must buy. It is writing a deposit check and write a contract that will win over other contracts that will be presented in May at about the same time as yours.
This group of three stages, which sounds simple, but only one buyer in each period of ten years is ready to do these three things to get cheap goods, they asked us to find them! I have several people, and so do most Realtors, which are best, ready, willing and able and we call them first! If you want to be a call, you must be ready, willing and able!
Recently, in August 2002 the house of the water next to ours was put up for sale for $ 249,000 and it was at that time about $ 350,000. Kate and I called every member of our family, our wonderful neighbors on the other side (one of which is a local builder and the other a mortgage broker) and some of our best clients and best friend ours, an investor and builder, who once said he loved the beautiful house. (Note that the property is now worth about $ 800,000 Sept. 2004).
We explained that the house was on the market within a few hours, and they must act quickly. Our neighbors on the other hand, the best of the band wanted to make an offer of $ 180,000, saying they thought that all the property is worth. They knew better, or at least should be, and should be purchased. They just "hope" that they could do it for cheaper and they do not have to move quickly. They made the offer was ignored and wasted our time. They did however get another property in a few days for much more money, worth much less, due to improved vigilance and awareness after the loss of one next to us.
Our friend investor to put in two bids below the price charged to several contingencies. Meanwhile, we tell everyone to write a contract for the full price, safe and calling on both our phones as fast as we could call. None of our best friends or family attention. They were all too greedy. They knew that the property is much cheaper, but he wanted even less ... Lesson: when making a good business - to act instead of increasingly greedy and totally losing face.
So our lovely new neighbors came and saw the property. They were also informed of similar properties, and has lost several properties they liked by moving slowly, writing unreasonable contracts and not paying attention to real values.
This time they have done correctly. In fact, they wrote a contract on the spot, without risk, and for more full price so that if someone has proposed full price they would have the best chance. They paid $ 5,000 more than the full fare on the spot, said the vendors, they could settle any time they wanted, and even before they hear the vendors return, they agreed to a mortgage more need to ask for money immediately available. They have not requested an inspection, investigation, or for sellers to fix anything. The house is 30 years and has not been a little maintenance. There was a hot water tank burst, a roof that needs to be replaced and a few HUGE cracks in the foundation. All these problems cost them about $ 15,000.
They have, as I wrote this, belonging to the property for several months and worked on all weekend, before it can take a break and enjoy it. They love it. If they were to fix all the things that need fixing, painting and finishing refresh the court and landscaping, we could get $ 900,000 to $ 950,000 for the house in a few months on the market . And the city sewer will be there in a few years, so that the property immediately go up to 200,000 dollars and all the people we called knew also pending sewer.
Buyers did not know more about the city sewers to come until after contracting to buy the property. The sewers are still not - WOW. They are happy, they are the One, two, three to get there!
By the three things mentioned above, the buyer of the house next to us made the wise decision to purchase so far in their life and have one of the best bargains that have been available in recent years. Vendors are also because they just wanted to sell as quickly as they might, because of a sudden and dangerous illness of one of the owners.
I'm writing this article to serve you the reader. But you should know that it is in the service of self, too. Much of our time that real estate agents went to try to successfully educate our buyers and sellers. If they take our advice, they could be much, much more success in the sale or purchase. The articles I write here are http://www.kate-jody.com/essays/index.html the advice I give to my customers and clients - if they so request. Most do not and when they do, very few follow the advice. Like any other profession, professionals, we do what we can to help those who come to us, but it is up to them to take notice.
Bargain houses are still available - but difficult to sell. They are houses that are in need of repair or improvement or cosmetics, which are in a transition area. We have several on the market today and they are difficult to sell. Someone with a view eventually to buy it, to correct and perhaps sell them at a profit - often to someone who said they want a market, but will not do what it takes to get a contract. Funny, is not it, and that sort of thing happens all the time. It has always happened in my 35 years in real estate and real estate agent since 1972. Just ask if you want a fixer-over, so is everyone else, but we must be very, very, educated and able to spend time and money to renovate the building efficiently and economically . And you need to do One, Two, Three!
If you want a good deal, educate yourself and be ready to do - One, Two and Three. We try to help you.
By Jody Hudson Copyright 2002-2004 www.Kate-Jody.com
Jody Hudson: MrJodyHudson@earthlink.net
Jody Hudson was raised as a farmer in Delaware. In 1969, he and his father began "planting houses instead of crops on the land. It is much more profitable. In 1972, he obtained a property licencse. In a few years, he became the youngest real estate broker in Delaware history. In 1982, he was selected by Who's Who in American Real Estate as the youngest member at the time. It has created nearly 40 residential communities and sold real estate in Delaware and through him the nation. He wrote several articles of value http://www.kate-jody.com/essays/index.html for you. Enjoy! |
posted by neptunus @ 6:16 AM
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