[Shipping up to Boston]

Originally Posted by margaretmattson

Preowned homes are sitting on the market for MONTHS. Wanting to take advantage of this, it took us a long 7 months to find a home.

We were not concerned about location, any village was fine. Daily, we would look at preowned homes and center in on those that checked all our boxes. We paid close attention to those that were sitting. When the price dropped, we paid closer attention. Sometimes, a home would sell immediately after the price drop. Some remained on the market.

We found a CYV that went under the radar. It had poor pictures and a poor description. It had been sitting with no foot traffic. Yet, we knew the neighborhood very well. It was actually one of our desired.

We looked at the price of the home when it was bought. Turns out, the owner would make $380,000 in profit. We gave an offer $100,000 below ask. We were expecting to negotiate back and forth or lose the home entirely. Instead, we were asked for $30,000 more. We accepted.

The home was first listed for 735,000. It had several drops in price. We paid $630,000. The former owner was 94-year-oldld woman who recently passed. The children did not wish to continue to pay the expenses and wanted to rid themselves as quickly as possible.

Some will say we were lucky or this did not happen. I will tell all to pay close attention to the market. There are great buys out there. You can't be choosy in location. Which doesn't matter much because NEARLY EVERYTHING in the villages can be reached in minutes.

I do not believe this strategy will work on newer homes in the south or homes less than $350,000. You have to search for homes in the North and look for an original owner. Original owners profit is one of the highest in the villages. They can and are willing to negotiate.

Those anomalies do exist. To the victor goes the spoils. Golf clap