Have you found the house of your dreams yet? If you've found a property you love, you now need to decide how much you're willing to offer. You want to be conservative enough that you get a good deal, but you don't want to bid so low that you risk losing the house. The following are some questions that need to be answered prior to making an offer:
- How long has the house been on the market? The longer it's been on the market, the more flexible the sellers are likely to be.
- How much are people paying for similar properties in the area?
- How much can you afford?
- Are you pre-approved for a loan? If so, you will be very attractive to sellers, and you'll have more room to negotiate.
- How badly do you want this sale to go through?
- See more Home Buyer Tools HERE
We can help you choose a price based on sound market analyses, comparable sales, and years of experience in the local market. We'll use our extensive negotiation skills to make sure that you get the home that you want for the best price possible. Call or email us for immediate assistance.
And when you find a home you love, you’re competing with all cash offers and bidding wars driving the sales price above what it’s listed for, and many times, even above what the home is actually worth!
While there is nothing you can do to create more homes for sale, you can certainly arm yourself by understanding the trends and patterns in the areas you’re trying to buy in.
While it’s not quite rocket science, there is definitely a significant competitive advantage to those that understand the trends of a real estate market.
Sometimes, being competitive means not looking in the most competitive price ranges in the most competitive markets.
Understanding the nature of the market, and preparing yourself for the journey (or battle) is probably the most critical step for managing your expectations.
One tool that all Agents/Brokers of The Cascade Team Real Estate have access to is the “Market Snapshot” tool. This tool is also made availiable to the public on www.TheCascadeTeam.com website and is located HERE