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Jason H. Gomes' Blog

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Getting A Great Deal

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As times have changed and real estate agents no longer have an iron clad grip on all the information, people now have the ability to access property info at their leisure.


Why look through foreclosures, short sales, distressed properties when there is an easier answer?

So why do you need to use a realtor to get a great deal? The short answer is, much of the information is released but not all of it.For instance a great resource for people that are looking to buy, expired listings. Just getting a list of expired listings isn’t necessarily without unrestricted access to MLS, it not widely posted on any major website that I’m aware of. These are people that want to sell, have tried to sell, and have been listed already with a real estate agent. Catching people in the transition between when their listings go expired, and they relist with another agent you can save anywhere from 3-5% off the listing price.

Explanation:For everyone that does not know what I am talking about. When homes are put into the RMLS you need to sign an agreement for the advertisement & sale of the property. These contracts by law need to have a date where they are automatically void. These listings once are voided must be kept on file for a certain period of time (several years). You can actually look at expired listings just like you can look for active listings.

Being creative you can save money, work with people who are eager to sell, and willing to negotiate. The end result getting you a great deal with a good experience for all parties involved.

Thanks for reading!

Jason H. Gomes
www.gomeshomes.net

 

 

Comments

By Scott Godzyk,  Wed Sep 3 2008, 18:35
People should us ethe internet as a tool to look for information, however you can not rely on everything that is written or printed on the internet. The internet will help you find addresses, pictures, prices and detail. But only a good Realtor can assist you through each step of the buying or selling process toget the best deal for you while making it easier on you and less stressful. Expired listings are no secret and no bargain, most of the time they didnt sell because they are overpriced, if a seller wouldnt lower it when it was listed what makes you think they will now, most cant, they owe too much. Your best bet is always to have a realtor pull up the new listings everyday, you will see it first and have the first jump at the bargains.
By Jason H. Gomes,  Wed Sep 3 2008, 19:06
Scott, you are generalizing in your statements. I have taken expired listings and done $20,000 price reductions. When people have sat for 6 months received few showings now offers, are surprising receptive to counsel about pricing, and they in almost all cases realize they were overpriced.

 
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