John E. Desautels
Broker Of Record
Real Estate Sales & Financing., L.L.C.
and to follow up what if it is already priced 25 % under market because the guy knows he is a desperate seller.
Just find a good Realtor and tell them you are a bottom fisher, let them take it from there.
Bulls make money, bears make money. Pigs get slaughtered
I apply it to real estate as well. The smarter real estate agents are already snapping the good ones up for themselves to flip when the market rebounds in 1-2 years. The unscrupulous agents are beating the drum of hysteria to "Buy now before the prices rebound or sell now before prices go lower."
You've got a brain, don't be rushed. Do your homework.
I know of a house listed at $2 million, it isn't worth $1.2 million. Think $1.6 million is a good deal?
Remember, too, you're looking for a desperate SELLER. (Or, better, a motivated seller.) You're not looking for a desperate HOUSE. If the seller's desperate enough (whoops, motivated enough), you can correct things like floors, or add a garage.
And while you're at it, consider looking beyond listed properties. There are plenty of other properties out there (everything from FSBOs to pre-foreclosures) that may not be listed. And for Realtors concerned that I may be suggesting a way to avoid a commission: not at all. Find a good, creative buyer's broker. Cover everything that's listed, and have your broker search out things that aren't. (Hint: There's less competition for houses that aren't listed than for those that are.)
Hope that helps.
I've networked with several Realtors that work in your area and specialize in foreclosures AND short sales. These homes can sell much lower than 20% below asking price. Please contact me ASAP so I can provide you their information.
Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
mobile or text 937-205-4741
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
Thanks for asking