You know everyone is looking for a "Deal" these days, but what most real estate buyers don't understand is that sometimes the "deals" aren't so obvious at first glance. Most buyers today assume that Short Sales and Bank Foreclosures are where the deals are, but I've personally found that Relocation sales and even regular home sales can also be some fantastic deals as well.
For example, I just recently sold a home that was a Relocation sale. The original homeowner had negotiated a "buy-out" option for his home since his employer wanted him to move to California quickly. In April 2011 we got two appraisals for the home with an average suggested value of $435,000 and the company bought his home.
After buying the home, the employer/company contacted me to sell the home. Because the company didn't want to hold this property for more than a few months, we put the home on the market at $420,000. With an appraisal price of $435,000 I thought this home would sell pretty quickly at a discounted price, but unfortunately when we put this home on the market there was a lot of competition in the area so we ultimately had to lower the price two times. We finally got a buyer several months later and negotiated a final purchase price of $365,000. A $70,000 discount!! Now that's what I call a deal.
Another buyer I was working with was willing to pay full price for a great home priced at $165,000. This week the appraisal came in at $188,000!!! This was NOT a short sale or a bank repo. The inspections were very clean and it's a great home. The seller just needed to sell and had it aggressively priced.
If you're looking for a deal in Kansas City, give me a call and let's see if we can find YOU a great deal on a home.
Ron Henderson, Keller Williams Northland Partners, Kansas City MO 816-651-9001