Most people have a good idea of the neighborhood they want to purchase a new home in. The problem is finding a great deal in the area, especially if it’s a neighborhood that’s very popular.
Thinking outside the box can result in some bargain properties for sale that most people are completely unaware of.
Contemplate Investing In Foreclosed Homes
When the housing market boomed, many people tried to take advantage by investing in a second home that they couldn’t necessarily afford. This resulted in a huge market full of homes that were foreclosed on when mortgage payments could no longer be made.
This happens frequently whenever the housing market goes through a strong period and these houses and condos are owned by the bank and can be purchased at a great price.
Look At FSBO (For Sale By Owner) Homes
FSBO properties, homes that are being sold privately by the owner, are sometimes a way to find a great bargain. These homeowners have made the decision to try and sell their home without the use of a real estate agent in an attempt to save some money on the sale. As a result, these homes may be priced below market value and, with fewer showings and inquiries about the property, the owner may be eager to accept the first offer presented.
Professional representation is free for home buyers when a home is offered for sale through a professional real estate agent. However, if you’re a do-it-yourselfer, a FSBO may be the perfect option to get a bargain.
When All Else Fails, Take A Drive
Anybody who knows the area they want to invest in can be proactive and beat the market by simply taking a drive up and down the streets and looking at houses. Some owners haven’t taken the time to bother listing a home that they would love to get rid of.
These are either rental properties or family homes that have been willed and left neglected. They can be easily identified by the care that’s been given to the property. An overgrown lawn and overflowing mailbox is a sure sign the owner may be interested in a talk about selling. After all, there’s nothing to lose.
Give me a call for better ideas of how to make offers on these bargain properties – J.P. Cook – 602-320-4253.
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