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Couple Pays 19% Of The 2005 Purchase Price For 7 Acre Farmette!
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I think a lot of people don't believe me when I say that
you can and should pay 25% less than what the current market value is
for a home.
A friend of mine told me how is son and daughter-in-law recently paid $135,000 for a 7 acre farmette that sold for around $700,000 in 2005. So you see, there are some really good deals, providing you are willing to look and look and look for them, and then be willing to do some work on them. They looked for over a year. Because the home needed some repair work, they only received one serious offer and that was from them. Consequently, the bank gave in and sold it to them. A good deal is not 25% less than what it was 4-5 years ago. That's an average deal, maybe even too much in some cases. A good deal is 25% or more less than what the current value is right now. The deals are there, go find them! |