So everyone wants a "Great Deal" so they say......
Some of my clients tell me they want a great deal......I begin the search for them. Where? How big? What schools? How soon do you need to move, what amenities, etc. Given our current market with a glut of inventory in the Phoenix area it is usually not a problem. Due to the misfortune of others who purchased homes a couple of years ago with loans they knew they probably shouldn't accept........today we can find homes loaded with goodies for thousands to hundreds of thousands less than they sold for 2 years ago!
My point is that in the community of Estrella in Goodyear, AZ, two years ago if a home was listed under 300k it must have been a typo. Today we have around 25 homes under 200k on the market in just this community! Last week a home listed for 105k! Foreclosure on a home less than 2 years old........great neighborhood, 3 car garage..........but stripped to the gills. Seriously, floors, cabinets, doors, toilets, tubs.....gone. It had an offer within 2 days I believe. That home was obviously for someone with the time and resources to put humpty dumpty back together again. But if someone has the gumption to take a paint brush in hand and order carpet from the local home store MANY, MANY other bargains are just waiting to have a new owner. A few of the foreclosures look like what you would expect.....derelict and depressed.....needing lots of work, but most of them just need a little love! The bargains are out there and your Realtor knows how to help. They may not have every upgrade you want, but that can be the fun of home ownership.....personalizing to your taste!
I find great satisfaction in helping someone locate and buy their home. Most clients understand that the price of a home has been set up with a Competitive Market Analysis and the knowledge of location. True it is a Buyers' Market and concessions in price, closing cost assistance, and other amenities may be asked for. But when it comes to "the deal" it is sometimes a better question to ask if the home fits "my criteria" of wants and needs.....and not just the lowest price on the block!
