OK, I’m it’s fair to say I’m a little excited about this listing over in Granite Bay I found. If you can put together $730,000, this listing appears at first glance to be significantly underpriced — I’d want to run more detailed comps to be sure but I’d be happy to do so if you’re interested. If so, please call John at (530) 672-9160.

The reason I say it appears significantly underpriced at first glance is that I was looking for bargains — checking by price per square foot, and noticed this one had been on the market awhile. Two reasons why this may be stick out (starting out too high and lowballing the buyer’s agent commission). If I’m right, these won’t affect your enjoyment of the property at all, they’re just technical details about the listing. And I certainly don’t mind working for a lowball commission in this price range.

Here are the additional photos and listing details.

I’m thinking about adding a new category to the blog “Opportunity Hound”, and spending some time every week looking through the MLS to try to find the best buys, and blogging about them.

One of the problems with talking about the market slowing down is that it’s inherently negative. The flip side of that coin is that there are sometimes outstanding bargains to be had, either because of a lack of competing buyers not picking up the good houses, or because a seller who’s failed for three to six months may be ripe for a “lowball” offer.

And by the way, if you’re a buyer and you want someone to scout out such bargains in your price range personally, I’d be happy to either do it for you or refer you to one of my teammates.

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