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Home Buying Tips - #1 Buying strategies in a competitive market
"How could anything be so humanly impossible??"......
Hearing a client utter those words was as crushing as a crystal wine glass landing on a wooden floor. It hurt. I felt the pain and anguish that resounded in her frustrated voice.
She was crushed and so was I.
We were just notified that we'd lost out on another home to a different purchaser. This was the 8th offer we'd made and the 8th rejection we'd received (with no wine in sight). The market in which she was looking had become SUPER competitive (especially in her price range of $100,000) and we were constantly finding ourselves fighting against other owner occupant purchasers AND cash investors.
Her situation wasn't unusal for the Metro Atlanta real estate market, especially first time home buyers. In fact, this occurred several years ago and many buyers continue to face the same challenges today. With rental prices increasing at nearly the same rate as our home prices, some purchasers are faced with the reality of being priced out of both markets. One thing's for certain, time is of the essence and critical strategies are required to ensure that your offer is more appealing than others.
Some strategies include:
Opt for the Right To Request Repairs ... more
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