Friday, January 29, 2010

Get A Great Deal On An Under-Valued Property

If you've been on the sidelines waiting for our local housing market to be affordable, now is the time to buy. Today's confluence of low rates, affordable prices and inventory makes right now an ideal time to buy a foreclosed property, a short sale or any of the other bargain homes on sale now. Don't wait -- the best-value homes are selling as soon as they come on the market.

Some buyers and investors find bargain prices on pre-foreclosure sales (short sales) or at foreclosure auctions, while others find it easier and less risky to purchase bank-owned (REO or “real estate owned”) from the lending institutions and government authorities that repossess these homes.

REO homes are very attractive to bargain hunters. They know lenders and government organizations don't really want to own homes and would rather move their “non-performing assets” off the books as quickly as possible. Still, institutional owners will try to recover as much of their investment in a foreclosed home as possible. Negotiating is key to getting a true bargain price on an REO!

Finding an under-valued property and negotiating a low-cost contract are the keys to success in the months ahead. Let us help you navigate the offerings available. Give us a call today!

If you are starting your search to buy now or in the future, why not search like a realtor. Sign up for listing book, a free service I provide with no strings attached. Here is the link:

If you would like information on Buying, Selling, For Sale By Owners, 1st Time Buying, click on the appropriate link on my website

Want to check out some Foreclosures or FSBO’s? Visit my website:

What did the house down the street sell for? Want to know call me or visit my website at

If you would like to know what your homes current value is check out Market Snapshot on my website or just call me at 636-294-6061.

For any of your Real Estate Questions or Needs call Me at 636-294-6061 or Remember “Cribbin Realty” Where Performance

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