Los Angeles Home Buyer’s looking for a deal?
What makes a home a deal? I can show a home seller how to maximize their selling dollars by home staging. But not every seller wants to bother with staging, some (for whatever reasons) want to get on with their life, they don’t need or want every last dollar from their home.
I explain to my (buyer) clients: If you are looking for a “deal”, find a home where the systems (copper plumbing, updated electrical, roof, etc. are newer) and that silly little inexpensive things like missing switchplates, torn screens, etc. haven't been addressed. Perhaps the home even has orange shag carpeting over hardwood floors. Now we are really smelling a deal! 
I have one coming up… more on that next week. BUT this home offers an 850ish square feet master retreat 3 & 3 updated baths, Eagle Rock adjacent in over 2500 square feet on a pool sized lot. $535,000 – it is a deal alert, missing interior doors and switchplates, the owner became disinterested in the home, which means a great deal for any buyer. No orange carpeting... hardwood floors.
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11/5/2008 7:50 AM
Los Angeles Real Estate Blog wrote:
When home buyers ask for a deal, I explain that the majority of homes are selling for market value. But what happens is that some sellers are expecting to get last year’s value when selling their home, so when a sensible home seller prices at today’s market value, it can appear to be a deal (because of all of the overpriced listings), but in reality it is market value. Banks are selling their foreclosures for market value, they get appraisals, and they work with Realtors. They don’t need to sell their inventory for less than market ... -
11/25/2008 2:11 PM
Los Angeles Real Estate Blog wrote:
When home buyers ask for a deal, I explain that the majority of homes are selling for market value. But what happens is that some sellers are expecting to get last year’s value when selling their home, so when a sensible home seller prices at today’s market value, it can appear to be a deal (because of all of the overpriced listings), but in reality it is market value. Banks are selling their foreclosures for market value, they get appraisals, and they hire a Realtor. They don’t need to sell their inventory for less than market ...
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