Wednesday, July 30, 2008

Real Estate Tips from Bob Rich-Something Must Be Wrong

QUESTION: I have my eye on a home that has been on the market for several months. The price has been reduced a few time, but it is still not sold. It's just what I want and the price seems right. Should I avoid it on the premise that if it has been for sale this long, SOMETHING must be wrong?

ANSWER: The fact that the house has not sold for a long time may be to your advantage. If there are no structural defects, and it meets you basic needs, there is a good possibility that it is an excellent buy now. It may have been overpriced at the outset.

Our website, http://www.therichcompany.com/, has excellent properties awaiting your inspection.

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