{"id":8102,"date":"2009-11-27T08:53:27","date_gmt":"2009-11-27T16:53:27","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=8102"},"modified":"2009-11-27T08:53:27","modified_gmt":"2009-11-27T16:53:27","slug":"strategies-for-finding-the-best-value-in-todays-market","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/11\/27\/strategies-for-finding-the-best-value-in-todays-market\/","title":{"rendered":"Strategies for Finding the Best Value in Today’s Market"},"content":{"rendered":"

Last week we asked the question<\/a>: How do you find properties that are the best value in today\u2019s market?<\/b> Following are the highlights of that discussion.<\/p>\n

MEDIC focuses on tax assessments and prior sales<\/a>, using a combination of county records websites (directory here<\/a>) and Redfin. For MEDIC, “a good price… is at least 40-50% off peak bubble prices.”<\/p>\n

Kary L. Krismer recommends<\/a> seeking value by “looking at as wide of an area as possible.” He also suggests that you “focus on the seller,” and “try to predict which ones are more likely [to be] more desperate\/flexible than others.”<\/p>\n

DrShort presents a neatly ordered list<\/a>, which includes a lot of great advice like looking at “quality homes that aren\u2019t perfect” and “look at a lot of houses and follow how they do on the market” to train yourself to be able to spot value.<\/p>\n

Aaron thinks it was a trick question<\/a>, saying that you should be patient and “shop for the home you want to live in for 5+ years in a neighborhood you love at the price you can afford.”<\/p>\n

Meadows reiterates the need for patience<\/a>, suggesting a strategy of picking a neighborhood and going “door to door w\/a calling card and ask to be called if the owner hears of anything in the general area.”<\/p>\n

Andtech breaks the ice as a first-time poster<\/a> with a great 1-2-3 strategy: Identify the area, determine your ideal home characteristics, and measure the market demand.<\/p>\n

Personally, I think this inaugural “directed thread” was a success. Thanks to all of you who participated and added to the discussion. I think we got a lot of useful insights. This is definitely an exercise I would like to do again. If you have any suggestions for the next “directed thread” topic, feel free to drop them in the comments here.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week we asked the question: How do you find properties that are the best value in today\u2019s market? Following are the highlights of that discussion. MEDIC focuses on tax assessments and prior sales, using a combination of county records websites (directory here) and Redfin. 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