Where are all the deals?

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Tue, May 22, 2012 at 12:00PM

Are you still one of the many waiting to but a home?  Do you keep waiting and waiting for a deal? Maybe you are waiting for the next wave of bank owned properties?  I have been selling real estate for almost four years during the toughest time ever and have learned more than any of those fly by night agents in the boom.  The prices are lower than they were in 2000.  You are safe to buy! The banks are lending money with a credit score of 600 or more, and rates are around 4%.  Some buyers still believe(and try) they can low ball private sellers and bank owned properties.  The truth is in the numbers, homes sold last month for 89% of their list price,on average.  I had one seller tell me lets offer 300k on a 400k property. That WILL not work anymore.  Pick a good full time buyers agent and make them earn their commission.  He or she will research the market for you and advise you on a price to offer. You have to act fast and bring a good offer for foreclosures or you will lose it. 


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