Buying a NJ Home in the New Real Estate Market – Part Two

What a Bargain!

When you think you have found a bargain, look good and hard.  Underpriced properties do not linger on the market – they go fast. And even in this current market, they sell competitively.  Remember, with the stock market as it is today, there are many cash rich buyer investors on the sidelines looking for real estate opportunities.  So, when you see a bargain, do your homework.  Determine if it’s a short sale or pre-foreclosure ( www.RealtyTrac.com) and if there are federal tax liens because such properties come with conditions that the average buyer cannot take on.

I always tell buyers: look for features that 100% of the market will want to consider in their search, such as architectural style, property dimensions, expansion potential, benefits of the neighborhood, location and so on.  As I mentioned in Part One, align yourself with a strong full-time professional realtor who understands the intricacies of the market you are planning to buy in.  Keep in mind, if you think you found a bargain, you may be buying something no one else wants!