If You Really Want A Screaming Deal – Ask The Seller For A Quit Claim Deed.

This post is courtesy of a friend of mine, Gabrielle Rhind, an Associate Broker with Tierra Antigua Realty in Tucson Arizona.

Via Gabrielle (Kamahele) Rhind, Associate Broker (Tierra Antigua Realty, Tucson AZ Real Estate):

Otherwise, it might be time to re-evaluate your perspective of a terrific home deal in order to get one. 

Yes – we know – everybody wants a deal on a home! Home prices are low — interests are low — inventory is also getting lower — you want to take advantage of the home buyer tax credit. Yet you still haven’t found the home you want. 

Staying focused on price or constantly making ridiculously low offers usually isn’t the best way to get a good deal.   Here are some other ways to find a great home deals:

Compare the home you want to buy with others like it – consider the amenities, the area, the upgrades, etc.

Look for homes that have been owned for  8 to 10 years or more where generally, there is a lot of pride of ownership.  The best home I ever listed was lived in for 40 years.  It was outdated, but otherwise in perfect condition and in a high end neighborhood.  The Sellers priced the home well under market leaving the new Buyers, even with the cost of upgrading, a considerable amount of “instant equity”.

On the flip side – you can also look for homes that have only been owned a few years.  I’ve found a lot of homes in this category have already been fixed up and the owners – for whatever reason need to sell.  These Sellers tend to be reasonable with their prices and would rather take a loss on their upgrades than continue owning something they don’t want anymore.

Look at the “AS-IS” homes.  You can find some great deals on estate properties or homes where the Seller is already taking a loss and doesn’t want to fix anything.

Has the price of the home dropped once or twice, been listed with a couple different real estate companies or been on the market a really long time?  My thought is – the longer on the market,  the better! Eventually these folks will just simply get tired of owning a home they don’t want or of playing the pricing game and that has all the makings of a great deal!

Hopefully these tips will help shift your focus of what a good deal is – so you can get one!

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.BuyMyTucsonHome.com.  

                                    

 

This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle (Kamahele) Rhind – 2009. If you want to reprint parts of this – just email me for my permission: TucsonsRealEstate@gmail.com.

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