The mesage you should be getting here is that there are still great opportunities out there, however, the competition is tough requiring the every day buyer to be at the "top of their game." This simply means the following:
1. successful buyers need to have a working appreciation for their target market(s).
2. buyers need to have a clear understanding of their search criteria.
3. successful buyers need to a pre-approval letter" or "proof of funds letter" at their immediate disposal.
4. In this market sector, buyers need to be prepared to make quick decisions. To hesitate, often mean you lose the opportunity.
5. successfu buyers need to identify and work with representation that has a clear appreciation of your personal criteria and is willing to work with you to that end.
6. successful buyers know when and when to not offer less than the "asking price." Too many buyers are eliminated from this initiative because they feel they know they can can get a better price.
7. successful buyers work with agents they can trust.....
Hope this is helpful.
Your best deals in my opinion are not bank owned or short sales. Ask your realtor to send you instant notification any time a resale within your search criteria pops up on the market and make your best effort to see it ASAP. Submit the offer within a timely manner.
Please feel free to contact me if you are not currently working with an agent.
Keller Williams Realty
4455 Military Trail #100, Jupiter, FL 33458
Start your home search here: http://www.iselljupiterhomes.com
That doesn't mean you can't find a home that you'll like and consider a good deal. It simply means that there are no bargains around.
Investors, in some cases, are outbidding other buyers. However, most investors don't want to overpay. Otherwise, it's not a good investment.
What we're seeing in the area is an abundance of cash buyers in the $400,000 and under price category. We're also seeing an abundance buyers with pre-approved mortgages.
Basically, both sets of buyers are well prepared for this market. They know they will have to act quickly because there are far fewer properties available than there are buyers looking for them.
So, if you're a cash buyer, or you're planning to purchase using a mortgage, be prepared to make a rapid decision if you see a property you like.
Whether or not it's a good deal is often up to you. If you want a particular property and it suits your needs, without exceeding your ability to pay, it's a good deal in today's market.
There are any number of distressed properties available. However, even owners who have neglected their properties have a pretty good idea of their value, especially if they have hired real estate agents to represent them.
If you find one of these properties and it looks like you may be able to buy it, fix it, and rent it or sell it at a profit. then jump on it. However, don't expect much in the way of price concessions from the seller in today's market. There are too many buyers right behind you.
Marc Jablon, The Jablon Team
Re/Max Complete Solutions
Yes, investors are sometimes outbidding buyers wanting to live in the property.
Are you looking for an investment or a place to live?
Regarding a distressed single family home, how distressed a property are you hoping to buy? Needs a little paint and new flooring, or, needs floors, walls, ceiling, appliances, and A/C replacement?
If I can be of further service please contact me directly.
While "good deal" is a relative term prices throughout Palm Beach County still lag well behind the market highs we hit over 7 years ago. With that knowledge I would say today's pricing is a relative "good deal" but prices have been moving steadily higher and while I think over the past few weeks certain segments have been catching their breath the trend to much higher future prices is clear.
International buyers make up about 25% of the market and with hundreds of thousands of baby boomers with their eyes set on Florida the future demand is set. With little undeveloped land in the area and all signs pointing to an inflationary period ahead so is supply. Beyond the tax benefits of having a primary home in Florida I would argue that everything is a "good deal" right now and firmly believe that a look in the rear view mirror in the future will prove that point. Keep in mind I am one of the few I know who told anyone who would listen back in 2005 to sell their home and that is exactly what we did. After renting for over 6 years we re-entered the market about a year and a half ago.
Investors, especially large groups like Blackstone and their Innovation Homes arm are very active in the market. These groups see the value described above and account for another 20% of our current market.
Your perfect home in the Florida sun and a "good deal" are out there. A very clear description of your specific requirements is the best place to start and if I can be of service to you and your family I would appreciate the opportunity to be one of the buyers agents you may choose to interview. We cover the tri-county area and are experts in finding our clients that "needle in the haystack.
Best of luck and if I can offer anything additional please let me know.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
Your agent may find you a wonderful buy in Palm Beach County.
Happy to work with you.
Jeffrey Ray & Associates
"The GO TO Realtor in Palm Beach County:
If I can help you in anyway feel free to give me a call
Florida Real Assist
Of course you can.
No, you can't find them on Trulia.
No, not on Zillow either.
Not even in the MLS.
The 'GOOD DEALS' are sold to "SERIOUS" buyers who have demonstrated they are willing and able to COMPETE. Those who wish to avoid competition, will pay a premium.
Know which one you are then contact a mulit-dimensional real estate professional...and do whatever you must do to get on the "A" list.
"A" list buyers will get the first look. Everyone else see's the home the wanted to buy SOLD in less than one day.
If you are serious, do what serious buyers do.
CALL a Orlando real estate professional.
No, don't use that 'contact' link.