05-13-2006, 08:32 PM
Nullzero,
you sometimes have to be careful not to compare apples and oranges. The properties that you compare might be totally different in terms of location, power, phone, neighborhood etc.
Maybe the property for $50K is a must sell, because the owner has personal or financial problems. He is therefore willing to offer for a low price to get a sale more quickly.
But nonetheless property offers on the market offer an advantage for buyers in terms of leverage. When there are people with really low prices, you can use their prices in negotiations with other sellers that sell their property for much more. You might be able to use the leverage to get the property for 5K-15K under the asking price.
michael
http://www.punaguide.com
Remember this is a good time for buyers. Use the leverage!
Edited by - miketat on 05/14/2006 00:35:25
you sometimes have to be careful not to compare apples and oranges. The properties that you compare might be totally different in terms of location, power, phone, neighborhood etc.
Maybe the property for $50K is a must sell, because the owner has personal or financial problems. He is therefore willing to offer for a low price to get a sale more quickly.
But nonetheless property offers on the market offer an advantage for buyers in terms of leverage. When there are people with really low prices, you can use their prices in negotiations with other sellers that sell their property for much more. You might be able to use the leverage to get the property for 5K-15K under the asking price.
michael
http://www.punaguide.com
Remember this is a good time for buyers. Use the leverage!
Edited by - miketat on 05/14/2006 00:35:25