Here are three things you can do to make being a successful buyer in a seller’s market:
1. Be persistent.
It’s tougher to find a good deal, so you’ve got to be active and aware of what’s available. This is where having a smart, attentive REALTOR® can be helpful. They can help you stay on top of new listings and make sure any negotiations move at the right pace.
2. Be specific.
There’s a limited “inventory,” so you might have less to choose from in your search. So make sure that you (and your REALTOR) know exactly what you’re looking for — and where you’re looking for it — so you’re not wasting time or energy.
3. Be a smart negotiator.
It’s very likely that today’s home seller will have multiple offers on their property. It’s even more likely that those offers will be at their asking price or even above. Don’t waste your time — or theirs — with “lowball” offers. Make a fair offer, and you might even want to think about paying fees and closing costs to help seal the deal.
Don’t lose hope — just because it might not be the absolute best time to be a home buyer, you can still find the right home. (It just might take a little more work!)
Above all, be smart! Choose wisely when it comes to working with a REALTOR® — maybe even one with mortgage experience like me. 😉
Contact me at 267.566.3448 or email me at firstname.lastname@example.org today!
© 2013 by Shannon Rubin.