H
Interview as many agents as you need to feel comfortable. You may also want to have them show you what their sales price to list price is for homes they have sold over the last 6 mos to a year. (are they negotiating well or merely having their clients pay full list to move the sale forward? Not an absolute measure but could give you an idea of what to expect) Agents can assist in all sales if you have an agency agreement with them stating this. Foreclosures may or may not be the best deals as it comes down to motivation. Short sales for example often have sellers who might be considering bankruptcy so there may not be a trememndous amount of motivation. Best to look at all homes that meet your needs and wishes. Your time frame sounds good as I expect prices may continue to decline. Start looking now though as interest rates will likely rise and have started already. Once you have confidence in ability to find what you want in a reasonable time frame consider getting pre approved and lock a rate. (I had a client who didnt lock and his rate went up 2% which killed the deal. The home sold shortly after for 20% more than he would have gotten it for)
Ken
ps yes I do cover this area extensively

H Bavsar: There is no difference in the price of a home based on foreclosure. They are ALL at market prices. If you go to a sheriff's sale, you bid against anyone that shows up, including the lender, who will show up. (Would you write off a $200,000 debt for a $50,000 offer, when you have been advised that the market rate for the property is $175,000?) After the foreclosure procedure, homes are listed with realtors who price them in the MLS at what they feel the market will bear. (Would you, if you owned a property, not at least look for the highest and best offer you could obtain?)

If you wish to look seriously for property in the Princeton region, I would be happy to show you everything available, foreclosure or not, in your price range. Further, I would do so with the backing of another agent in my office. While we work independently, we can team up to provide the best service and, we remember that two heads are better than one, so we can give clients such as yourself better service by combining our forces.

The important thing for you keep in mind is that you need to find an agent or agents with whom you feel comfortable and who understand your needs and goals. If your goal is to obtain the lowest priced distressed property, we won't be able to help you and to be honest, few other will even care to try.

There are good deals out there now, period. Not only bank owned properties.

You should start looking now to see what developments you want to live in.

Please keep in mind that bank owned properties and foreclosures are typically not the best properties on the market. There is a reason they fall into this catagory and some / most are in disrepair. As long as you have an open mind on properties and what they "can be" then move forward.

The time to check out developments is now and then narrow your search down to where you want to live.

the we can monitor what is available, selling and closed to get pricing in line.
Call / Email me and we can start evaluating developments according to where you want to live.

John Sacktig
Broker / Manager
Orange Key Realty
Direct: 732-213-1409
Office: 732-863-6969

JSacktig@orangekeyrealty.com

Hi Bhavsar!

There are some bank owned properties in the area, but most are priced close to fair market listings. What price range are you looking in? Have you considered Montgomery Township, as well? I can help you find a home! Feel free to call me at: 908-268-2124 or e-mail me at: denisecanellolson@remax.net