Is buying a Green Bay WI Foreclosure really a great deal?

Unless you’ve been living under a rock for the past 3 years you’ve been hearing from your friends and family, every news source known to man kind, late night infomercials that prome to make you the next Donald Trump, and your local Green Bay Real Estate Agents that Green Bay Foreclosures can be a great way to get a awesome deal. Today I’m going to share with your my personal thoughts and professional experiences of the last four years in dealing with Foreclosures in Green Bay.

Are Green Bay Foreclosures really a great deal?

When everyone is getting information from all different types of sources about how great foreclosures are, it creates what we in the Green Bay Real Estate Market like to call high demand. When there is a high demand for a specific type of property there is also extreme competition. When a local Green Bay Foreclosure hits the market you can imagine that the ready willing and able Green Bay Home Buyers are listening. It’s not unlucky for Green Bay Foreclosures to sell within the first 30 days. I can’t tell you how many times I’ve shown a foreclosure in Green Bay and ran into other agents at the same time.

So to answer the real question are Green Bay Foreclosures really a great deal? Typically the listing agents of Foreclosures are very good at pricing their properties at a fair price from the get go. But they also know that with the magic FORECLOSURE stamp on it that it will drive traffic with just that magic word we love. It’s important to understand the amount of competition that goes along with these properties. Decisions need to be quickly or you’ll lose your opportunity to purchase the property. The bad news is when that happens you typically pay a higher price than you really should because of competition, but the banks eat it up because they know everyone’s looking for a foreclosure.

How do you know if your paying to much for a Green Bay Foreclosure?

It’s now more important that ever to make sure that you are hiring a Green Bay Real Estate Agent who has extensive experience in whats called buyer agency. To explain buyer agency in one simple sentence it is a contract that allows a Realtor to work directly for you the buyer. The Realtor has the capability of pulling the same information that an agent who lists the property does and also share supply and demand statastics that are crucial for determining today’s value.

If the information above doesn’t make you nervous or scare you away from purchasing a Green Bay Foreclosure please stay tuned for the next post on where to find those magical Green Bay Foreclosures.

Hire the local Green Bay WI Foreclosure Expert

Greg Dallaire, also known as “Green Bay Greg” is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay WI Home SOLD! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. See what Green Bay Greg’s Past Clients say about his Real Estate Services VIA VIDEO