I make sure I am out looking at pretty much every home that is available so I am already prepared when I start working with a buyer. What I find to be the most frustrating is the lack of choices within the pricing criteria I am given. Here I have willing buyers and there is not much to choose from when it comes to bank owned properties.
Some of the short sales can be good deals, but the typical story is most buyers don't want to wait the long time frames required to buy these properties. I counsel my buyers that these can take a long time and 9 times out of 10 buyers move on. It is tough to put your life on hold hoping the bank will respond to the offer, hoping the bank's other divisions won't foreclose before the short sale division approves the offer. Gotta be flexible to buy a short sale!
Anyway, I suppose it is a testament to the strength of Park City's economy that we don't have a bunch of bank owned homes sitting around. Those that come up are scooped up quickly. With buyers that are not based here in Park City, it is tough to get them to make a decision long distance quickly enough. Now with foreclosures coming to a halt it ought to be even more interesting.
For help finding a great home or condo here in Park City, call me at 435-731-0803
Heather Feldman
Keller Williams Park City
heather@parkcityhousehunters.com
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