Last year I wrote a post called Misconceived Pricing Strategies? about some of the thought processes I see with buyers and sellers. Obviously, both are fighting towards the same (and yet opposite) goals.
Last year I wrote a post called Misconceived Pricing Strategies? about some of the thought processes I see with buyers and sellers. Obviously, both are fighting towards the same (and yet opposite) goals.
No one will say that 2009 hasn’t been an interesting year in real estate. If you have been on the buyer side of the market, there have been amazing deals available, as well as difficulty in trying to buy in some segments… or if there were credit challenges. If you have been on the selling side, the competition for buyers has been intense. And the bank owned properties and short sales haven’t helped.
I get calls all of the time from people that are looking for a great deal… I can’t blame them… we ALL want a great deal. And there is something that the vast majority of these calls share in common. They are positive that the best deals HAVE to be foreclosures and short sales.
Looking back two years, I had a post inspired by Ken Cook regarding FHA 203k mortgages. If you aren’t familiar with the FHA 203k, it is a loan product that allows the borrower to make improvements or renovations on the property as part of the original mortgage.
Value is always at the top of mind for sellers (even before they become sellers. Posts about values and what improvements can made to increase value are always popular.