Buying In A Sellers Market

Dated: February 18 2014

Views: 1766

Your best chance for success starts with understanding the type of market you are in. When inventory is severely reduced, sellers have leverage. Well-priced homes in desirable areas typically receive multiple offers. The offer they accept is nearly always the most favorable to them. While no one wants to pay more than list price, waive protective contingencies or keep a tenuous timeline, there are times when this is exactly what it takes to get into the most desirable homes in the very best neighborhoods. If you are trying to get into a home at an entry level price point in a prestigious neighborhood, this effect is even more apparent.

Aligning yourself with a Realtor who knows the local market and if and when to make the appropriate concessions, is probably one of the most important things you can do to insure you get the home you want in a timely fashion. Taking the time to understand the market yourself enough to accept this advice with confidence and expediency could be at the very top of the list.
Getting a deal on a less desirable property with location or condition issues isn't that difficult in any market. But knowledge and strategy are key elements in getting you the property you want, when you want it, in a tough sellers' market.

Want to Advertise on this Site?

Latest Blog Posts

Why Compass And Eastbaypro To Achieve Your Real Estate Goals

Compass is the only real estate brokerage brand that speaks to the next generation of luxury buyer exquisitely. This ‘next generation’ (of all ages) work in industries that have advanced far

Read More

The Dangers Of Overpricing In Diablo Valley

Compass ran an analysis on homes that are priced less than 2MM in Contra Costa County and throughout #DiabloValley area. Compass compared overpricing a home with those priced at fair market value.

Read More

The Winter Season

Winter is here you can feel the chill in the area coming from Pacific ocean off the bay. This week, especially today with the strong winds making a mess of all the leaves that everyone did their

Read More

Prop 5 Expected Inventory Impact

Proposition 5 qualified for the ballot this year with over 1 million signatures from registered voters. If this proposition passes it will enable homeowners who are 55+ to sell their existing

Read More