In this market, there is so much inventory that some buyers seem to be taking their time to decide if, where, or what they want to buy. Can you blame them? There are many options, most notably for inexpensive investment properties. Here's the glitch, sometimes taking too much time causes buyers to lose the really great opportunities that are available. If you wait for the asking price to go down on a property and it does, make an offer! If you decide to wait for the asking price to go down even further, you are risking someone else making an offer that may have been the same or not as good as the offer you would have made and if the seller accepts, you wasted your time waiting for nothing. If you see a property that really interests you and you know you would definitely make an offer at a certain amount, make the offer! Most likely the seller will counteroffer and at that point you can negotiate a deal that you are comfortable with. Don't wait for an opportunity to happen. Make the opportunity happen. You have nothing to lose. If you are a buyer with the ability to purchase property now, then now is the time to do it. Waiting for the market to hit bottom is also not the best strategy because the only way anyone will know when the market hits bottom is when it is already on the way back up. When everyone sees the market strenghthening, there will very likely be a lot of people who also waited who are scrambling to get the last great opportunities to be had. Don't wait until it's too late. Research property. Go look at property. Make a decision and follow through. Don't be one of the people who will be saying would've, should've, could've. Be the person that says I did!
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