Kathryn's Blog

head_left_image

If You Are Looking for a Deal in Central Massachusetts, You'd Better Act Quickly

If You Are Looking for a Deal in Central Massachusetts, You'd Better Act Quickly

foreclosures in massachusetts

Over the past couple of weeks, I've been out with a number of buyers who are looking for deals.  They want foreclosed properties, and they think they can get them for a great deal.  It is true that foreclosed homes are usually priced below market value and can represent wonderful real estate bargains.

But what these buyers are not factoring into the equation is the fact that they are not the only buyers out there looking for deals.  Along with first-time buyers who are extremely motivated, the buyers are facing competition from real estate investors.  Investors who have cash in hand.

Foreclosed properties often are in need of repair.  They have been sitting vacant for months and have had no one to maintain them.  Often, the previous owner (who lost the house to the bank) damaged the house.  Sometimes buyers who need to obtain a mortgage simply can not get financing for this type of home.

I've submitted four offers recently that were just a couple of days late.  Another party had already submitted an offer and the bank had accepted it.  My buyers had wanted to wait to see if the price would come down even more, and they lost out by playing the waiting game.

If you are looking for a deal, look hard and fast my friends.  The real estate deals are flying off the market here in Central Massachusetts.

 

Putting Today's Technology Tools to Work for You

 

Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
All rights reserved.

 

 

 

Sturbridge & Central MA Real Estate and More

 

 

kathryn acciari facebook twitter linkedin icon rss

 

Kathryn Acciari, REALTOR(R)
Serving Central Massachusetts
with Offices in Sturbridge, Charlton, Spencer, Auburn, and Shrewsbury

RE/MAX Professional Associates
49 Main Street
Sturbridge, MA 01566

Cell: (508) 982-0686    Email: kasellshomes@gmail.com

Web site: kathrynacciari.com
Blog:
Real Estate Blog
Twitter: @kacciari

Comment balloon 4 commentsKathryn Acciari • February 19 2010 07:52AM
If You Are Looking for a Deal in Central Massachusetts, You'd Better…
share
If You Are Looking for a Deal in Central Massachusetts, You'd Better Act Quickly Over the past couple of weeks, I've been out with a number of buyers who are looking for deals. They want foreclosed properties, and they think they can… more
Central Massachusetts Agent Tackles Short Sales
share
Central Massachusetts Agent Tackles Short Sales Sturbridge, MA - Feb 2010 - Kathryn Acciari, a REALTOR with RE/MAX Professional Associates, has joined the Distressed Property Institute, in an effort to assist homeowners who are… more
Home Sellers: The One Thing You Must Know Before You Place Your Home…
share
Home Sellers: The One Thing You Must Know Before You Place Your Home on the Market It is simple, really. Before you sell a home, you only need to know one thing And once you understand this one thing, you will meet with quick… more
Hoo Ya's: Best Diner in Central Massachusetts - Brimfield, MA
share
Hoo Ya's: Best Diner in Central Massachusetts - Brimfield, MA If you have a hankering for a big ol' breakfast complete with eggs, hash browns, sausage or bacon, toast, and perhaps some pancakes, the best place to satisfy your craving… more