Why is the property selling so cheap? Any reason.?

Asked by Mimi, 31419 Tue Apr 7, 2009

This question is about this property: http://www.trulia.com/property/1070336954-2337-Deep-Shoals-C…

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Robin Lanese, Agent, Johns Creek, GA
Tue Apr 7, 2009

Currently this home shows as pending sale or under contract. The previous offer fell through. This property was in such poor condition that it could not be financed with either FHA or Conforming financing.

If you are looking for a "deal", please remember what you pay up-front and what you pay in renovating, holding time and resale can cost you dearly in the long run.

To acquire the best properties at the best value select a buyer's agent who know the area, has the resources and understands negotiating with banks, asset managers and co-op agents. Currently HUD has some outstanding properties with great financing. Not all agents are HUD register to sell these properties.

May the market treat you kindly. Good luck with your search.

Robin Lanese, ABR, CRC, REOS
Solid Source Realty
Web Reference:  http://www.RobinLanese.com
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