Archive for August, 2008
Why Buy Today?
On a previous post about buyers just caring about the price, someone from Mesa, AZ left the following comment and questions:
My husband and I just made an offer on a bank owned home in Mesa, AZ. We are first time home buyers. The house needs no work at all and has only been on the market about three weeks - my realtor suggests that we pay the bank what it wants $229K and then try to get 6% closing costs and 3% toward downpayment. We also qualify for the Ameridream program for FHA. Is that good advice if it is all about the price? It is in a great community, etc., and the house was appraised at 255K last year. Even with this market, the bank got a previous offer. In this market, how does one go about making an offer and knowing it is fair? We just don’t want to get ripped off. Thanks for any advice you can give us.
Not being in Mesa, I can’t intelligently comment on the price of the property, but I can tell you how I approach it with my clients here. It starts with questions:
