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« Great Article on the Ins and Outs of Buying Foreclosed Homes | Main | Why is my house not selling? - Maybe because no one is seeing it? »

Can’t you just meet me at the property??? If I have heard it once I have heard it 1000 times

By robertearl | April 16, 2008

And the answer is no. Why? We need to take the time to find out exactly what you are looking for. In this market, we get about a call a day or every-other day from someone looking for a deal / bank owned / foreclosure home, not fully knowing what exactly that means and implies.

Here is a story written by a fellow Keller Williams agent in Florida, Chris Griffith, published in the Naples News (naplesnews.com) entitled: Buying foreclosure doesn’t make you sexier that shows how “What seemed like a great deal ended up maybe not being what this young man really had in mind.”

Buyers want a deal. We want buyers to get a deal. But at what price?

Please keep in mind, that the stakes are higher in the Northern Virginia area with the average sales price being $464,147.03 - compared to the $100,000 mentioned in the article.

We take the time to find out some particulars to make sure that the deal that you are looking for is the deal you get because we realize that there is more to a property than just the pretty photo posted in the MLS system.

We try to help buyers make educated decisions about such areas as:

  • Finance (does the purchaser need closing cost assistance or down payment assistance),
  • handy man skills (every buyer that we have worked with has had a different definition of “sweat equity” ranging from the buyer being OK with only doing a overall cleaning to the house, or at least making the call to have a crew do it, to being willing and able to do a full hammer, nails and saws remodeling themselves, not to mention plumbing and electrical),
  • to determining the cash reserves available to the buyer in-case something pops up, seeing how most of these homes are being sold strictly as-is, with no repairs.

    • As well, some of the internet buyers see what looks like a great deal online, only to find out that they would never want to own in the run down or outdated neighborhood that the property happens to be in.

    Quoting from the article: “Ultimately, the choice is up to the buyer whether they want to take the easy road or the hard road when dealing with a foreclosure home. Buyers looking for homes in this area just need to know that distressed properties aren’t always hearts, flowers and rainbows. In this example, studying the market, watching and waiting for quality real estate and carefully buying a home that is of value, suits your lifestyle or family and has better “bones” is worth the wait.”

    We are here to help meet with you first to help you make the decisions required to succeed when buying a home in this marketplace.

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