Uncovering Secrets in Real Estate Classified Ads to Find Bargain Properties


by Resty Malia - Date: 2006-12-29 - Word Count: 375 Share This!

Have you ever wondered what home sellers and real estate agents really trying to say in the classified ads for properties for sale? Is it possible that there are some code or deep secrets these are ads trying to convey? Just because the ad says "owner desperate" does not really mean the owner is desperate. It's possible the real estate agent is the one who's desperate - for a commission. Uncovering the secrets in finding the bargain properties in the classified ads of newspaper is to decode the language from these ads. As you gain experience and knowledge, you will quickly be able to decipher the real messages or even bargains of the ads by homeowners and real estate agents.

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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