‘IF YOU CAN FIND ME A “GREAT DEAL” PLEASE LET ME KNOW…THAT’S WHAT I AM LOOKING FOR!”
This is probably the most frequent request I hear when working with a buyer looking for Boca Raton real estate. Of course I haven’t met anyone who has said, “price doesn’t matter”. The truth of the matter is really quite simple. It’s all inventory whether it is a Boca Raton short sale, Boca Raton Foreclosure or a regular deal (an arm's length transaction between a motivated buyer and seller). What is different about each one of those sales is the process that you undertake to purchase the home.
Yes, it is important to know the difference between a short sale and a foreclosure because since the process is different, a short sale or foreclosure may not be a viable option for you. For instance, a short sale can be a lengthy process which will require patience and may ultimately not work out. That is why, as a Boca Raton Buyers Agent, it is so important for me to understand why you are buying or thinking about buying a home. I may ask a lot of questions in the beginning, but that streamlines the buying process and eliminates a lot of mistakes that other less experienced realtors may make.
What I try to educate my clients on is that they should be more concerned with market value and recent closed sales in the neighborhood, especially if they are taking a mortgage. That is how the value of a “great deal” can be identified.
For example: if a Boca Raton house was listed for $400,000 and then you see the words “Reduced $100,000” in an ad it may seem like that is a great deal. However if the house is really worth $250,000 based on recent comparable sales, then it is still an overpriced home. A good Realtor, who knows the area and the market, will not be fooled by those words. Part of my job is to educate you on the values in each specific neighborhood.
I can always be reached by email: Karen@bocaexpert.com or by phone: 561 706-7115. If you are seriously looking for a home, let me help you by identifying market price of homes so you know if you are truly getting a “great deal”.
Ps. I would be happy to explain the difference between short sales and foreclosures to those of you who are unfamiliar with the difference….call me!
~Karen~
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