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Biggest Mistakes Buyers Make in a Hot Seller’s Market

Reblogger
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Some segments of the real estate market are red hot at the moment.  Trying to find that diamond in the rough on your own through the Internet is fine, but don’t blame us if that property is already under contract when you call.  Getting the proper representation is the key.  Read these great tips from David Grbich of San Juan Capistrano, CA, he’s right!

Original content by David Grbich BRE# 01708749

Home Buyer Keys to SuccessIn the current seller’s market that exists in many parts of the country, buyers need to perform near perfectly to attain the home of their dreams. In South Orange County where I am a real estate broker, many of the best new listings that come to market are receiving multiple offers . . . and in just a few days on the market. So what can you do as a buyer to enhance your odds of getting your offer accepted?

 

1)      Get Serious and Work with a Buyer’s Agent – while this sounds like a given, many buyers are casually looking and only get serious when they see a home on the internet and start their quest to buy that home from whatever agent they can find. By the time they get mobilized the home is gone!

 

2)      Get Ready to Buy – be sure to get prequalified or better yet preapproved for your loan. This eliminates any surprises and demonstrates to sellers that you are serious, qualified, and able to close. Have your proof of funds ready to show which is often required in California.

 

3)      Operate with a Sense of Urgency – have your agent set you up a new listings alert and when a hot property comes to market moving quickly is extremely important. If a listing comes to market on a Wednesday, waiting until Saturday to see it because you want to watch the Olympics is a bad tactic. Always assume that other interested buyers are seeing the home on day 1 and making an offer on day 1!

 

4)      Make Clean Offers – offers that are not clean result in delays – delays results in more buyer offers – multiple offers drive prices up and probability of getting your dream home down. If there is something specific that the seller is looking for in your offer do everything possible to accommodate it.

Clean Home = Clean Offers

 

 

The competition to buy homes is very high as a result of low inventories and low interest rates. By avoiding these types of mistakes that other buyers are making, you greatly enhance your chances of becoming a new home owner in the near future! If you are looking to buy a home in Orange County or the San Juan Capistrano area I would welcome the opportunity to work with you.

 

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David Grbich | Broker - REALTOR® | 949-500-0484

DRE #01708749

 

 Please visit my website www.FindCARealEstate.com to Search Orange County Homes for Sale

 

San Juan Capistrano Real Estate | San Juan Capistrano Homes

David Grbich is the Broker Owner of Ventana Coastal Properties, a leading real estate brokerage serving the needs of Orange County buyers and sellers. Orange County real estate experts serving Aliso Viejo, Costa Mesa, Coto De Caza, Dana Point, Huntington Beach, Irvine, Ladera Ranch, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Mission Viejo, Newport Beach, Newport Coast, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Talega, Tustin and surrounding areas.

 

 CDPE - Orange County Short Sale Agent

Comments (3)

Dr. Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279
This is a great re-blog. Buyers need to have their ducks in a row before ever getting out there to look.
Aug 20, 2012 03:22 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my re-blog.

Oct 13, 2015 04:49 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Paula, thanks for taking the time to comment it is always appreciated.

Aug 01, 2018 07:34 AM