Like many sale items available after Thanksgiving, Smoky Mountain Real Estate could be an awesome deal. This concept came from an inspirational article I read. The author was a San Fransisco CA realtor. Her writing gets to the essence of the holiday “Black Friday” sales phenomenon. The article was amusing and insightful. She examines the motivation that lures buyers by the millions across the country. People willingly leave the comfort of their homes to endure the challenges of mob mentality. Their goal is to procure big ticket purchases at deeply-discounted pricing. Her comparisons of buying flat screen TV’s and other expensive items, to real estate, seem at first glance, to be off the mark. However, there is a brilliance to her idea that soon hooked me. Many of us on some level are members of the purchase-hungry multitudes who hurtle out in the pre-dawn hours. We flirt with mayhem, in order to get a bargain. The goal is to be among the rare few. Those few obtain the coveted, limited number, of deep discount high ticket items.
Instead of spending our time locked into this herd-like trance on a quest to save maybe $1,000.00, think higher. Real estate is usually the most expensive item that many of us purchase. My colleague’s perspective is to spend “Black Friday” looking for a great property. In this arena and in today’s market, the potential savings could total in the $100,000.00’s and higher. The “feel good factor” you get from a six figure savings makes other purchases look wimpy. To add to this euphoria, most real estate buying does “not” include the insanity that overtakes most mall shoppers. Real estate shopping on “Black Friday” allows for far greater reward with way less risk, and you can proceed at a cool, calm, and enjoyable pace.
Let us explore the wisdom of “Black Friday” real estate shopping in greater detail. Prices on homes here in the Smokies are off their highs. The wave of buyers from the federal stimulus activated the lower end of the market. However, a smaller market in higher priced homes has combined with a sizable amount of discounted property (foreclosures & short sales) to trim pricing. So on average most of the area’s real estate is below the pricing of 2-3 years ago. Depending upon the property, deeper discounts might be available on foreclosures or short sales. A second cost savings for today’s real estate buyer comes from reduced property taxes. Many local areas have not reduced their taxes on existing homes, but buying a home at a lower cost certainly gives you ammo to negotiate for a lower tax bill. A third benefit is one that we have discussed on several occasions. Mortgage interest rates have jumped slightly off their lows, but they are still in bargain territory for those buyers with approved credit. A potential fourth savings comes from closing cost credits. Retailers save buyers when they pick up at least part of the sales tax. In some areas, motivated sellers are picking up various items in closing costs. Some of these get limited by the lender, but everything is potentially negotiable. A fifth area of savings is much like mall retailing. Purchase incentives often include bonus items. Home buyers will find that motivated sellers may include personal property like; appliances and furniture. This can be a deal enhancer if the seller has no room to further drop their price. All of these cost savings could make real estate the ultimate purchase deal for “Black Friday”. Get started online and contact us at 877-678-2121 to help you seal your “Black Friday” property deal.
Here are a Couple of My Current Listings:
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Spectacular Home w/ Spectacular Views! This spectacular custom built home offers so many unique features. Waterfall shower off master bedroom private deck, atrium green house, and includes all furniture and furnishings. Plus plenty of level parking and only one step into the chalet. Type: Single Family Home Location: Chalet Village Price: $379,900 Get more information > |
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Updated with Private Bedroom Suites! Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views. Type: Single Family Home Location: Chalet Village Price: $249,900 Get more information > |