Getting into a home in a very competitive market is all
about having a leveraged strategy.
Of course cash is king. All things being equal, it is very
difficult to beat a buyer with lots of cash, particularly one who is willing to
spend it. But, all things are rarely equal. All too often, highly qualified
buyers fail to prepare and document their assets in advance and miss a
fantastic opportunity, just because they made the assumption they can always do
it after they find a suitable property.
In a seller’s market, holding multiple Open Houses, prior to
accepting offers, is very common. This, combined with heavy internet exposure, will
often times generate multiple offers, which in turn drives up the price. If a
seller limits exposure to the home or is willing to entertain offers as they come
in, this can create a tremendous buying opportunity. You want an agent that is
always proactively looking for this type of situation and when it comes, does
whatever it takes to get your offer in quickly, avoiding as much competition as
Of course the final component of this strategy is market
knowledge; having the understanding and ability to spot a well-priced home.
Leveraging this knowledge with preparation, and the capacity to act quickly and
decisively, can be the difference between a fair deal and a great deal even for
strong buyers. For those just starting out or with less substantial assets, it
might make the difference between getting a home and possibly not getting one
Author:Kevin Kieffer Phone: 925-300-8000 Dated: March 18th 2014 Views: 2,832 About Kevin: Kevin R. Kieffer is a Broker Associate and Realtor with Compass. His primary focus is the East Bay r...
The EastBayPro Team of Compass Real Estate consist of the following professionals: Kevin R. Kieffer, Broker Associate, Naomi T. Kieffer, GRI, Realtor, Scott & Rochelle Maher, Realtors, Realtor, Matt Rubenstein, Realtor, Ken Wilson, Realtor, Taylor Pollard, Realtor & Heather Gowdy, Realtor. This team is ranked in the top 1% of Contra Costa County and are Five Star Agents as seen in Diablo Magazine - Offices in Walnut Creek & Danville - serving communities throughout the East Bay
Home ownership is commonly associated with a sense of accomplishment a
"Kevin and Naomi were great to work with. Even though buying a house can be frustrating, they kept us motivated and always kept us up to date with current listings. They were also able to place in a home in the exact neighborhood we wanted. If I ever had to purchase a home again, I would definitely use Kevin and Naomi, and would highly recommend them to anyone looking to purchase a home."