Everyone wants the Deal of the Decade in Real Estate!
They want to buy a foreclosure also known as bank owned properties. As Howie Mandel would say, but did they make a great deal ????
Foreclosures are flying off the racks. There can be as many as 20 offers on each one and they often sell well above the asking price! But some short sighted buyers are missing out on short sales, which can be much better deals and often way below market value! You have to be patient with many of these transactions because some can take as long as 6 months to negotiate and close, but they are worth the wait!
And then there are the great deals that many buyers are missing out on! The homes that aren’t short sales or foreclosures, but instead just desperate sellers. These are the sellers that do not want to have their credit adversely affected, but are dangerously close to missing a payment or two. They market their home for a fast sale, knowing that they need to sell within 30 days or so in order to retain what little equity they may have left, and keep their credit scores higher. These can be some of the best deals out there!
About Cathy Cressy
