Ever hear anyone say, “If you want a deal, buy a fixer-upper”? How accurate is that? When it’s slow and hard to sell a property, fixer-uppers can be a bargain and often sell for less than asking price. But, our market isn’t slow right now. If you’re trying to buy a home and frustrated because all the investors are “getting a deal,” think again. Over half of the fixer-uppers sold at or above list price, some over 10%, 20%, and even 30%, since the start of the year. Finding a diamond in the rough is a more rough and less diamond at the moment. This market requires one of two buying strategies. Need something now? Be ready to duke it out with the other bidding wars. Otherwise, wait it out until you find what’s right for you. Either way, make sure you have a plan! Call me when you’re ready to start your real estate journey.
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