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In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. Are you in the market for a home? A homebuyer’s guide to a competitive housing market.
We all know that sellers hear what they want to hear and believe what they want to believe when it comes to how market conditions will impact the sale of their home. They believe their home is special and people will be knocking on the door with full price offers within days of hitting the market. The agent , of course!
In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. There can be situations in a strong sellers’ market where more than one offer is received at the same time.
Depending on where you live, the market may move a little slower, but in most areas, homes are not staying on the market for long once they are listed. For those that may want to try the for sale by owner route, it is important to remember that even the person who founded forsalebyowner.com used a RealEstateAgent.
Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. What is a RealEstate Owned (REO) Property? Step 1: Browse Available REO Properties.
What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value.
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