Take Advantage of the Buyers Market
Some homes are selling at bargain prices, how can you take advantage? Several motivators encourage sellers to accept a low bid. A few of them are purchasing a new home without selling first. The home started overpriced and has been sitting on the market too long. A divorce, job transfer, financial problems or seller that have adjustable rate mortgagees that are rising faster than expected; as well as a sellers reduced income. It is the Realtors job to determine why a house is on the market and the motivation of the seller. Think of this as helping someone get their home sold; if they don’t like your offer they don’t have to accept it. Sometimes sellers will ask, “Why doesn’t someone just offer me a lower price?” Some sellers don’t want to lower the price because they feel any offer they receive will be under the asking price so they want room to negotiate. If the asking price seems out of line and you like the home write an offer based upon the value you feel is correct.
Some homes with unique features or superb locations are still selling quickly with multiple offers. Remember just because you can get a low price does not necessarily mean you have a good deal. In a soft market poor location, an awkward floor plan can be some of the most difficult to sell.
Prices are down, interest rates are low so, if you plan on living in the home for several years this may be the time to take the plunge and get the home you have always wanted
Warren Carreiro
415-846-7286
