Last year was an out and out bummer if you wanted to find yourself a real estate bargain.
As Dian Hymer says, writing for Boston.com,the bargainless real estate market of a year ago was due in large measure to the fact that inventories of homes for sale reached record low levels.
But what a difference 12 looooong months can make. Buyers today, says Hymer, “have the luxury of choice.”
Still, Hymer’s posting reminds us that there are certain things we can do to make the real estate buying experience that much more enjoyable, and more important, that much more of a bargain.
For one thing, Hymer says, “In order to find a good deal, you need to be able to identify a fairly priced property when you see it.” Okay, you ask, “How do I do that?” Easy, says Hymer in this primer on how to find a real estate bargain: You MUST learn everything you can about home values in the area you are looking in.
One other keen way to sort of create your own real estate bargain, she says, is “to research the listings that have been on the market a while without any offers.”
Makes sense,doesn’t it!