May
9
ARE FORECLOSURES A STEAL??
Posted by hawaiireos under Ask a REALTOR, For Buyers, For Sellers, Kihei, Listings
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HAPPY MOTHERS DAY!!!
So another misconception is that all foreclosures are a steal... I see it all the time. low offer after low offer and the buyer wonders why they don™t get the house...
Most banks will have 2 appraisals done prior to listing the home and will set the price to sell. some banks go the opposite direction and will over price the home and I have no idea why...
What I do know is that when you see a really GOOD DEAL DO NOT come in with an offer below asking price... even if you have to make an offer for $1.00 offer go for it!
The buyer that submits an offer below asking price for a "HOT DEAL" is wasting their agents time.
The real estate market on Maui is full of investors right now who have no emotional ties to the home and don™t care if they get it or not. So if you are a first time home buyer and this is "the" home for you, You need to come out strong with your first offer!
If you have any questions or need help with real estate on Maui let me know!
Joseph Hogin, Broker
808-870-2775
ERA Pacific Properties
joseph.hogin@era.com
www.Buyahomeonmaui.com
http://twitter.com/HawaiiREOS
