Buyers are giddy with their deals. I won another one but we had to up the ante to get it. Was it worth it? You bet it was. We looked at 25 homes. 20 homes were in need of much repair. Unfortunately you can’t tell that on the MLS. There is no smell-o-vision as yet. Plus agents don’t necessarily take pictures of the bad stuff. Those homes will be great for the fixer upper contractor guy.
Now that we had 5 to pick from, they needed to pick the one that best suits them. One went pending that day. Now we are down to 4. I called all the agents to see if there were any other offers. There were of course. I now council prospective buyers before we go out to look at property with a CMA of sold homes like this; listed at $80,000 and sold for $86,000. This is the trend because so many buyers have shown up in our market place. These are still amazing deals. It looks like the bottom has been found; at least in this lower price range. YEAH!
The home we put a bid on was listed at $109,000. My folks bid $120,000 and got it. They are ecstatic. The home is large and in pristine condition. The only big ticket needed are appliances. For $3K you can get a really nice appliance package. They just closed and are busy cleaning and finding furnishings.
Don’t you just love a good story?