If you’re trying to buy a home — but discovering that it’s now a seller’s market — I’ve got two words of advice, stolen from Douglas Adams: Don’t panic!
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.
Sounds pretty easy, right? And it should be — because heck, this kind of market is named after you!
But like all things, real estate can get complicated quickly. So let’s keep things simple and make sure you sell your home.
A few quick things to remember:
You’re in demand.
Your home, that is. With a limited “inventory” of homes available, it’s likely that you’ll have plenty of interest from home buyers. Don’t just take the first offer (unless it’s incredible!), and be patient. Let the bidding begin!
The price is right?
Because your home is in demand, you should be able to set — and get — a very good price for it. A year ago, home buyers were in the driver’s seat and getting great value on their purchases. Today, your home could be 10% more valuable than it was a year ago. (Or 20%. Or 30%. Your results may vary!)
Where are you going?
It’s great that you’ll probably be able to sell your house quickly and for a great price. But have you already purchased your next home? Rented an apartment or house? Because once you sign those papers, you and all your stuff need to be out of your old home. Make sure you and your REALTOR® have your next place all lined up!
So sit back and relax. As a seller in a seller’s market, you’re in a great position. Just keep your cool and be smart, and you’re bound to get a great deal.
Ready to sell your home and take advantage of the market?
Trust your future to the right REALTOR® — someone honest who will work tirelessly for you — like me!
You can reach me at 267.566.3448 or email me at email@example.com today.
© 2013 by Shannon Rubin.