Risks and Rewards of Bargain-Seeking Buyers

We all love to save money especially on one of the biggest financial decisions we make in our lives. If you are going to save money, make sure you are being smart while doing so.

More and more people are getting into the investment side of the real estate market. Buying a condemned, or foreclosed property, and fixing it up to make a profit, while others are just looking for the best deal possible. Most of the investment homes or bargain homes are sold as-is. This means that no corrections will be made before closing, you are getting the property as it is in its current state. This can either be a good or bad thing.

A lot of properties that are sold as-is, have an issue that the seller is aware of. They would rather someone else pay to get the problem fixed instead of paying out of their own pockets, hints the reason they are selling it. This is where risk and reward cross paths. You either could be buying a great home or you could be buying a financial disaster.

My advice for you is to be careful when looking for a cheap bargain property. You could be opening a door to a whole lot of headaches. If are not looking for the next bargain deal and just looking to save a few thousand buying a home, make sure to work with an agent who is great at negotiating. Negotiating is a huge part of the home buying and selling process, in fact everything comes down to a negotiation.

If you or someone you know is looking to buy or sell a home please contact me at 317-650-5898 or email me at ermusleh@gmail.com as I would love to help!