Today, there are more homes on the market that would be considered "Distress sales" - the majority of which are short sale or a bank owned properties. In California, properties are sold "As Is"... And believe me, many need work. The questions you need to ask yourself as a buyer should drive you to a clear conclusion as to whether you should consider presenting an offer. Here is a list of, what I like call, "areas of clarity" that may help you gain peace-of-mind during the highly stressful and anxious home search experience:
1. Can you envision the end result?
2. What are the priorities of your purchase and how does the home rank? (Location, neighborhood, access, size, lot size, bedrooms, bathrooms, curb appeal, potential etc...)
3. What do you need to do to make the home "live-able"...to your standards?
4. What projects take priority and what things can be done down the road?
5. Is the list price at market value or quite a bit above or below?
6. Is there any "wiggle-room" or flexibility in the list price?
If there is anything I have learned in my years in Real Estate -- One family's "teardown" home is another's castle. If it feels right, 9 times out of 10, it is right!!
Labels: Bank Owned, Belmont Heights, Belmont Shore, Long Beach, Park Estates, Real Estate, Realtor, Short Sale
# posted by
Dave Harbison @ 9:05 PM
