How to Get the Best Deal on a House - HeleneSellsHomes.com @ Keller Williams Realty Baltimore
The current state of the real estate market is changing. To get the best deal on a house consider these tips for a great deal. If you're looking for a super deal, you may have to put up with inconvenience, pay in cash or be confident about your home improvement skills.
Offer Cash
Green talks. If your offer isn't contingent on financing, you may be able to talk your way into a very sweet deal. Obviously, this kind of deal is contingent on your ability to come up with the cash to pay for a house without a mortgage. If you are in a bidding war for a property, cash can seal the deal due to the security that it provides the seller, assuring an easy close.
Find Distressed Homes
Distressed short sales and foreclosures are not for the faint hearted. You may have to deal with squatters, property destruction, or decay of the property including termite issues, broken plumbing, and destroyed appliances. If you are handy, and have enough money to fix the place up or tear it down and build something new, then you could be a good candidate for this kind of deal.
Distressed short sales and foreclosures are not for the faint hearted. You may have to deal with squatters, property destruction, or decay of the property including termite issues, broken plumbing, and destroyed appliances. If you are handy, and have enough money to fix the place up or tear it down and build something new, then you could be a good candidate for this kind of deal.
Bid in Foreclosure Auctions
Foreclosure home auctions are all about the bargain. In order to get a real deal, you have to spend a lot of time researching the home, neighborhood, lot and value. If there are liens against the property and you have the winning bid, you may be responsible for paying these. Typically, the opening bid (or floor) is based on the amount owed by the current owner to the bank. If you make a bid and the bank accepts it, then you're stuck. So do as much research as you can in advance - and know your number going in. If you like the thrill of the hunt and are willing to deal with the red tape, this kind of deal could be a good fit.
Foreclosure home auctions are all about the bargain. In order to get a real deal, you have to spend a lot of time researching the home, neighborhood, lot and value. If there are liens against the property and you have the winning bid, you may be responsible for paying these. Typically, the opening bid (or floor) is based on the amount owed by the current owner to the bank. If you make a bid and the bank accepts it, then you're stuck. So do as much research as you can in advance - and know your number going in. If you like the thrill of the hunt and are willing to deal with the red tape, this kind of deal could be a good fit.
Seek out Estate Properties
We’re not saying that you should troll the obits looking for real estate gems, but estate properties can make for choice deals. Often times homes owned by estates of the deceased are sitting unoccupied and heirs can be eager to turn their bricks into dough.
We’re not saying that you should troll the obits looking for real estate gems, but estate properties can make for choice deals. Often times homes owned by estates of the deceased are sitting unoccupied and heirs can be eager to turn their bricks into dough.
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Helene Kelbaugh, Realtor
Keller Williams Realty
2936 Odonnell Street
Baltimore, MD 21224
410-246-6032 o 443-465-8443 m
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Combined Disclaimer: Keller Williams received the highest numerical score among full service real estate firms for home buyers and home sellers in the proprietary J.D. Power and Associates 2012 Home Buyer/Seller StudySM. Study based on 2,994 total evaluations measuring five firms and measures opinions of individuals who bought or sold a home between March 2011 and April 2012. Proprietary study results are based on experiences and perceptions of consumers surveyed March-May 2012. Your experiences may vary. Visit jdpower.com
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