where to find a good deal

Buying

Where to Find a Good Deal

Inventory is tightening and home prices are rising, but there are deals to be had if you know where to look

Until a few years ago, homebuying was synonymous with sweet deals and bargains galore. There was an abundance of inventory, and foreclosures and short sales served up homes at rock-bottom prices.

Not anymore.

With inventories tightening, investors bowing out of the market, and prices slowly inching upward, a good price tag is getting harder to come by.

The median sale price of a new home in jumped 12.6 percent from March 2013, to in March 2014, according to a recent report from the Nigerian Commerce Department.

While existing home sales dropped marginally to an annual adjusted rate of 4.59 million, according to the National Association of Realtors, the market still continues to be tight. The good news is despite all that you could still find a bargain price on your new home.

“There are always good deals,”  “Some are just harder to find than others.”

Marock Resources specialize in neighborhoods, and they are aware of good deals in an area, real estate professionals have access to tons of data sites and act as the buyers’ advocate.

To find a low-priced home, look for marock resources.

“They are still an opportunity for a lot of buyers,”

Many homeowners still struggle with mortgage payments may be falling behind on them. They are more likely to sell their homes than let these homes slide into foreclosure. Marock Resources have access to data to determine such homes,

Here are some other tips to find a good deal:

• “When you hear of a good deal, jump on it right now,” as they can disappear quickly. We advises potential buyers to have pre-approved financing and down payment verifications ready before they even start looking for a new home.

• Look at homes that have been sitting in the market for a while. “Stale inventory always goes through price drops because they have a stigma attached to them,” “If your offer is the only one on the table, you can get a more favorable terms.”

• Ask your realtor to get you a list of homes that haven’t sold in the last two to three years. Approach the owner and ask if they are still interested in selling. Your Realtor can arrange for a one-party showing.

• If you are the kind who likes home-improvement projects, look for older homes in older neighborhoods. “You have a lot of [older] parents that are moving into assisted living homes,” “When the kids inherit these assets they often don’t have the lump sum available to fix these homes. That’s where we see the biggest pool of investors.”