Uncovering Secrets in Real Estate Classified Ads to Find Bargain Properties
Here are some attention grabbers that are commonly used in some ads:
• "Priced to sell" -- It's going to be tough to move this property at this price; an expert have to sell it to you and added amenities that no one could care about.
• "Like new" -- Be ready to open Pandora's Box because all the defects have been patched up.
• "Motivated Owner" -- He drools to make a killing from the deal he could make from this outrageous purchase price.
• "Make us an offer" - It's a deadbeat property that no one care to even look at it.
• "Close to shopping" - It's sitting right next to a run-down liquor store.
• "Easy commute" - If you're into some serious two-mile walk just to get to the bus stop or don't care about two-hour drive one way by car.
• "Owner will pay part of closing costs" - You pay your share of all your closing cost and the rest of his.
• "Desperate" - We could hardly wait to get out of this rat trap we go into; so desperate to take nothing less than the full market value.
• "Great starter home" or Cozy" -- A five-room home that a Barbie doll will the only perfect occupant.
• "Almost 2-acre lot" - 1.9, 1.5 or 1.15 acre whatever is close enough.
• "Fresh paint, new carpet, new appliances" - We will make sure that we could recoup the twice the cost we spent in return.
• "Reduced" - We tried to sell it for $30,000 too much; maybe offer us on $10,000 above the fair market value.
• "No down payment" - If you're a veteran and can qualify for a VA loan; otherwise, 20% down payment.
Related Tags: buying a home, home buying tips, bargain properties
Resty Malia is a private real estate investor. He share his simple step-by-step process in buying home foreclosures at http://www.buying-a-home-foreclosures.com.
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