Buyers Market, Not for a Morristown Foreclosure

Well, I thought it was a buyers market. That's what everyone keeps screaming. Well to tell you the truth I have been having a fairly good year this year. That was up until we hit the financial crisis then the $hit hit the fan, deals fell apart, buyers backed away yada yada yada.

I have to say though that there are some really great deals out there. A few weeks ago I found one of them in fact. It was a home over on Western Ave here in Morristown New Jersey. This home was a Morristown Foreclosure and the deal looked good.

I put my offer together and the responce was we already have offers. Come back with your highest and best. Highest and best, well I have not heard that since I had to tell REALTORS that on a house I sold in May over in West Orange. Since we have been in the credit crunch I did not think I would be hearing that statment, but there it was. I raised my offer to 15K over asking price and still did not get the house. Go figure.

I have more about this over at my Morristown NJ Real Estate blog.

James Boyer
Morristown NJ REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct