A-Bargain Hunting We Shall Go
Wednesday, December 30th, 2009
A posting I shall go. I have been wassailing, I have been ice-skating, I have been a-shopping and a-eating; I will be a-drinkin’ for New Year’s Eve, and I have been a-searchin’ for real estate dealios for my readers and my clients. Yes, low though it has been the holiday season, I have seen some amazing deals out there. How about a 5 bedroom condo in great condition that is NOT a short sale for $284,000? It is yours for the bidding. In San Francisco, no less. How about a two bedroom, 1200 square foot condo with new carpet and paint in Potrero for $387,000? Also not a short sale? It is yours for the bidding.
Or a two-bedroom, two bath home in Noe Valley with a legal in-law 1 bed 1 bath for $797,000? Yup. All there.
Pictures to be posted imminently. When everyone is heading for the exits, whether it be from financial panic or because they want to gorge themselves on holiday cookies and forget about housing for a while, this is the time to get a BARGAIN. My grandmother, Dorothy, who is 97 and with it as hell, loves to spell out words as she talks to you for emphasis. She would have said, “Get out there and find yourself a B-A-R-G-A-I-N while everyone else is pigging out for the holidays.” That is indeed how she would express it. Sellers know there are precious few buyers at the holidays (who wants to move now?) and are much more likely to make a deal with you.
And as the New Year begins, can we also please review the kinds of SHORT SALES I Like? I want you to only look at Short Sales if they are BANK-APPROVED. Call me if you need further clarification on Short Sales or on why a Bank-Approved Short Sale is indeed worth your time. What else do we like? REO’s. That right, R-E-O’s. And that does not stand the Band REO Speedwagon, although I nor anyone I know can tell you what the heck REO stands for. It means Bank-Owned, and these properties, though sometimes needing repair, are usually discounted to the comparable homes in their area. Why? Because there’s only one thing banks hate more than having loans go bad is becoming landlords. They do not want to own real estate. Trust me, they’ve got plenty.
For help with your real estate questions, please call or email me: charlotteerwin@zephyrsf.com; 415-279-0289.
