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Showing posts from November 5, 2006

Steal/Deal/Real--Three Points to Consider When Making an Offer

The following comment is from Jessica Beganski, a buyer's agent in Connecticut, describing a methodology she uses with buyers when pricing an offer. Steal/Deal/Real are the three stages of an offer or three price points to consider when putting together an offer. Steal - is the amount you would love to pay and represents a price that is significantly under market value. You know, the price you would brag about to all your friends and relatives. Deal - an amount you would pay for a house that still represents a savings, although not grossly under market value. Real - This is real market value - not the list price. This is the highest price a buyer would be willing to pay. Before I discuss an initial offer amount with clients, I tell them to think of these three prices up front. What price would represent a “steal”, then the price that would be a “deal” and then the amount that would be “real.” I have them write it down on a piece of paper and save it. In this way, I have prepared my

5713 W. 71st Street

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Check out one of my listings! I am highlighting this home this week because it would be a great investor property or a home for a first time buyer. It has rented in the past for $900 per month. 5713 W. 71st Street, Indianapolis, IN--$99,500 3 bedrooms, 1 full and 1 half bath Check out this home! Affordable price with wonderful convenience. Set back among stately mature trees this home offers fantastic features like a full brick wrap, beautiful hardwood floors, and almost .5 an acre. Enjoy a large Family Room with pretty masonry fireplace, just in time for the cooler fall nights! The kitchen offers a spacious dining area/adjacent den. Close to schools with convenient access to downtown Indy, this home is worth a look. Priced to sell quickly! If you are interested in investing in Indianapolis real estate, send me an email. I can provide helpful tax rate information as well as general community information about Indianapolis and the surrounding suburbs.