I’m hearing and reading that people are looking for foreclosures and short sales to get a great deal. I say, let’s back up a bit and talk about what most buyers really want – they want the best price they can get. If you’re buying Daytona Beach homes and looking for the best value, does it really matter if it’s a foreclosure or short property? No, all that matters is the you get your best deal.
It’s All About Discount to Market Value
Bank and mortgage lenders dealing in short sales or REO or foreclosed properties are getting better at knowing market value. They are a lot better than they were two years ago. That being said, it is possible to get great deal from distressed properties. However, if you remember nothing else, remember this – not all foreclosed and short sale properties are great values.
A Better Home Buying Strategy
Want the best possible deal? Here’s one strategy. Find the most narrow area and focus your efforts. The best value is the highest discount to market. That means that you need to understand the market. The market for Ormond Beach homes, Port Orange homes (click here) and Daytona Beach homes are different. Further, within those cities, neighborhoods and communities are different. If you want the best deal, pick an area with a good number of homes for sale and then learn what’s sold and what’s for sale. Then and only then will you know if you are buying below market.
It takes a lot of work and it takes a real estate agent who is willing to work hard for you. Yes, that’s my specialty. I work closely with my clients to find the best deal for them. And – we do it. We’ve found tremendous bargains with a combination of patience and hard work. If anybody tells you it’s easy, you just might want to run.
Now, to get an idea of the foreclosure and short sale homes in the area, click on the following pages:
Daytona Beach Foreclosures (Click Here)
Daytona Beach Short Sales (Click Here)
Ormond Beach Foreclosures (Click Here)
Port Orange Foreclosures (Click Here)
Port Orange Short Sales (Click Here)
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