How to Get a Great Deal in This Market
by: , on July 30, 2021 - Buyers in South Jersey faq Ocean City Real Estate
Are there still deals to be had in this real estate market?
As we all know by now, ours is a very hot seller’s market. Many are looking for properties to buy, but they want the best deals. So where are all the deals? Are there even any in this market?
The answer is yes—there are always deals in the market. In fact, we’re bringing an unbelievable deal to the market right now. Soon to be listed, we have a townhouse that’s four houses to the beach and is priced just under $1 million. This property is a bit dated and does need some work, but that’s par for the course when it comes to deals.
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Taking on properties that need work is a great way to get a deal.
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You can’t typically get a deal on perfect properties, but if you’re willing to take on a property that needs work done, it can be a great buy. You can fix it and flip it or hold it. For the property we mentioned, you could do $100,000 worth of renovations inside and wind up selling it for over $1 million. You’d just have to go through the process of renovating the kitchen, bathrooms, and floors. The outside is all new and doesn’t require any work.
As agents, we know where all the deals are, so we can identify opportunities and steer you toward them as they appear, whether you’re looking to fix and flip or hold a property. If you’re interested in learning more about upcoming deals or the market in general, don’t hesitate to reach out to us. We’d love to help you.
