Tuesday, January 30, 2007

Great Houses for Sale - Act Quickly...

Almost all bank owned homes are overpriced right now. For those that are priced well (and exceptionally well) - act QUICKLY.

Today HZG acted a little too slowly. About 6 hours too slowly. A home hit the market and was emailed to me. Due to a Krendl machine going down on a job site, I didn't have the opportunity to check the listing quickly enough. This home had structural issues in the basement (not an issue for my team), was a brick ranch in a great section of town. The auditor had it assessed at $137,000, and this gem was listed for $29,900. Even if the entire interior needed gutted along with the structural issue, it was a DEAL.

I contacted the agent that sent me the information (loyalty has its rewards) - asking him to place a full price offer on the property sight unseen. He contacted the other agent and what do you know - contract pending.

Advice to those that are in the market to purchase: If you see a home for sale that you are 99% sure is a winner (or a steal), place the offer as soon as it touches your desk. These nuggets do not last long - and when they get listed you have to act quickly. Do not play the negotiation game, for someone will present a full price - if not above full price offer - and your offer will be sent packing.

Tomorrow looks to be a weatherization blog - 2 sales calls, training a new person on "how to sell weatherization."

No comments: