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Serena's Blog

By Serena Russell | Agent in Hayward, CA

Is what you see, what you get?

Is this cliché true when  it comes to REAL ESTATE??

Is it possible that different buyers will view the same property through different eyes. ??

There was this one bank owned  house for example.  It listed at below market and was attracting many buyers.  These buyers  were ready to buy and  were pre- qualified   for home loans with reputable lenders. 

THE FIRST BUYER  who happened to be a first time buyer   commented on the condition of the home, the   smell, the stained carpets, the patches and nail holes in the walls and such.  This buyer noticed many of the cosmetic conditions of the home.

BUYER number 2, was an investor having owned several other  properties. His view  was very different from buyer 1. The investor did not care about the cosmetic conditions, but instead was more concerned about   location, nearness to freeway,  number of beds/baths and garage. 

Furthermore, the investor was pleased about the  dual pane windows, which let lots of light into the rooms.   All the while thinking of his potential return on investment. 

For this example, the outcome is easy to guess. 

Whether you are first time buyer, seller or investor, work with a licensed real estate professional (with REALTOR designation).  Your Realtor, will  know the market well and can help you find a home for the price you want to pay.  Also, beware of the news media, and other 'friends and co-workers- who might give you incorrect advice.

Contact me if you are looking to buy or sell today.  My expertise extends to homebuyers, home sellers and investors all over the bay area.


 

Comments

By Timothy M. Garrity,  Thu Dec 23 2010, 17:45
Good post. Thanks for taking the time to share your thoughts.

TG
By Serena Russell,  Thu Dec 23 2010, 19:07
Thank you too for your comments.
By Alessa Hilton,  Mon Jan 3 2011, 02:54
Great improvement!

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Best regards :)

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