Tripp Montgomery

Foreclosures - Be careful what you wish for...

07-20-10

"Foreclosure" has become a buzz word for buyers today. "we want to look at foreclosures" or "can you send me some information on foreclosures?". I actually send out a list via email of foreclosures in my area that I compile by mining the data on my MLS; looking for key phrases like "bank owned" or "addendum must be included with offer". However, is a foreclosure a smart purchase for the long run?

I advise buyers to look at the neighborhood and the surrounding area before committing to purchase a foreclosure, regardless of price. Buying in a neighborhood that is in free fall is like trying to catch a falling sword (timing is everything) If that foreclosed home is in an area where there are multiple foreclosures, I would look elsewhere. Sure the price is cheap, but you can also get cheap tickets to board a sinking ship.

Buyers would be better off with a smart purchase rather than good deal... look for a reasonably priced home in a rock solid neighborhood.

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Tripp Montgomery
Russell and Jeffcoat Real Estate

Tripp Montgomery: Real Estate Agent in Camden, SC

Office: (803) 432-0505

Mobile: (803) 272-8595

Specializing in Kershaw County, South Carolina real estate. Including Camden, Lugoff, Elgin, Cassatt, Lake Wateree, and the surrounding areas.

About Me

I am a full service agent working with buyers and sellers and have experience with both residential and commercial real estate. I have concentrated my efforts in working with investors and first time home buyers. I believe that making the right real estate decisions can set you on the right path to building wealth. Having a background in residential construction has served me well in helping investors find fixer uppers or buyers that choose to build, get the most from their builder. I grew up in Camden and I feel that it is a great area in which to raise a family. That is why I have chosen to live and work in Kershaw County. Going Above and Beyond I believe that providing better that expected customer service is the key to success in the real estate business. Through technogy, I am continually finding innovative ways to provide my clients with the highest level of service. I would like the opportunity to help you buy or sell a home.

new construction
first time home buyers
investing in rental or rehab properties
creative financing solutions
government and bank owned properties

Areas of Expertise

My expertise lies in the ability to evaluate property and advise clients of features that need to be accentuated. I also take a straight forward approach with dealing with problems and feel that most problems can by solved amicably if addressed early on. My goal is to share my opinion with clients in a friendly way and not tell them what they want to hear. I feel that pricing is key to having good result. Over pricing to get the listing is a poor strategy and doesn't serve the client. I feel that results in this business are directly related to the effort you put in and the attitude with which you work.

Testimonials

"Tripp is one of the most thorough, professional, ethical and hard working agents I have ever had the pleasure of working with. Tripp showed me the houses he thought would be a good fit for me based on the information I gave him. He is very knowledgeable about the communities in the area and gave very honest representations of life here. Tripp went above and beyond the call of duty by hosting us at community events and parties and by introducing us to new friends. Tripp and his family helped our entire family connect into the community and that has made our transition one of the best we've made. In short, he made what is many times a very stressful event a fun, seamless process from start to finish. He's a true gentleman and a great friend." Debbie Baker, Camden, SC