Hastings Real Estate

January has been unusually busy as far as inquiries in buying houses. The buyers have lots of properties they can look at and the are!
In this market many buyers think they can look at a foreclosure property and still offer
10 to 20% less than asking. I'm here to tell you that if indeed the property is bank owned and it has just come on the market you will not be able to buy at that much of a reduced price.
The bank has had an appraisal and priced the property within the market range of that appraisal. Many of these homes need new roofs, wiring and/or other fix-up items. This has been taken into consideration already.
The only time you could buy at such a reduction is after the property has been on for quite some time, the bank has probably received offers that are considerably lower than asking and they are now ready to concede to the lower value. If a property appears to be a bargain to you when you look at it, make a reasonable offer and count your blessings.
You can spend many hours looking for a steal, wasting precious time (interest rates could go up or values could start to rise) and have nothing.
There is a difference between and deal on a property and stealing a property.
You choose, but I can guarantee you will not steal very many properties.
Prices have not been this low in many many years. We will soon be on the bottom and prices will
eventually go up. If you buy at the bottom you are a winner!