Great Deal or a Cheap House

If it seems too good to be true it probably is and that applies to homes. When I get a call telling me

I’m looking for a bargain

or asking about buying a short sale or foreclosed home, I can tell they probably just saw a segment on CNN about the housing market. Or maybe they heard that commercial on satellite radio about the thousands of foreclosed homes that can be bought for pennies on the dollar.

There are great deals on good homes that happen for various reasons:003

 

  • Job Relocation
  • Growing family
  • Change in family circumstance
  • Death of a spouse
  • Downsizing to a smaller home
  • Move to Assisted Living or to be closer to family

In a competitive housing market any one of the sellers above can be very motivated to sell, resulting in a great deal for the buyers. Like the home pictured to the right, all wrapped up for the Holidays, this lovely home is a custom ranch with 3 bedrooms, 2 baths, a large 2-car garage, built-in home office and a fenced yard with an in-ground pool. This home in Millsboro, Delaware, is For Sale for only $265,000. Want to know more? Just click on the front door and take the Virtual tour.

Beware the Cheap House

Sometimes the lowest price is just a cheap house that is actually over priced. If you pay $10 for a diamond, for example, you probably just bought a diamond worth $10. I like a great deal as much as anyone but I have learned to pay just as much attention to the things I can’t see. Don’t be distracted by décor. Look at the details. Remember, the purchase price is not the total cost of ownership. You almost always get exactly what you pay for.