Buyer Beware: Strategies That Get You Nowhere

By
Real Estate Agent with The Keenan Carter Group with Keller Williams

Anyone who is buying a house in Pismo Beach-- or even just checking up on the market -- is likely to find that some of the rules of the game seem to have shifted. Particularly anyone expecting to be deluged by the kind of amazing deals being offered in 2008 and 2009 should see what I mean.

As the latest housing statistics continue to paint an upbeat picture, at least when it comes to bargain-priced properties, the days of multiple bids and ‘offers over asking’ are back.  If you are weighing the advantages of buying a house in Pismo Beach before interest rates and prices rise in earnest, it should be useful to take a look at some strategies that work -- and some that virtually never work:


             
1)               Blanket Low-balling – Running around writing up a bunch The Keenan Carter Group - Low Ball Offersof low-ball offers is a surefire way to get yourself ignored, or worse, miss out on an otherwise great property. A better approach?  Work with a knowledgeable agent whose expertise in Pismo Beach neighborhoods will allow you to check on the most recent comps, then write a serious offer.

 


       2)      
Dismissing Imperfect Properties – The degree of your success in buying a house in Pismo Beach can depend on starting out with a The Keenan Carter Groupreality check: only very rarely is a property totally perfect for you and priced absolutely right.  with a knowledgeable agent whose expertise in Pismo Beach neighborhoods will allow you to check on the most recent comps, then write a serious offer.


3)     H    ighest and Best - UU   nfortunately, the tempting low prices listed for some Pismo Beach bank-owned homes also means that it’s The Keenan Carter - Highest and Bestincreasingly common to encounter the dreaded “  multiple offer situation.”  If you find yourself there, be prepared to submit your highest and best offer first -- you may not have another shot.


This changing market doesn’t mean we are headed into the kind of fever-induced ‘bubble’ we saw in the mid- 2000’s.  But for those seeking a deal and waiting for the bottom of the market before buying a house in Pismo Beach, the market does not seem to be waiting. 201  3   is clearly the time to jump in!

Posted by

The Keenan Carter Group

On the beautiful Central Coast of California

Keller Williams Realty

805-773-7711

Oh, by the way … if you know of someone who would appreciate the level of service I provide, please call me with their name and business number.  I’ll be happy to follow up and take great care of them.

Dick Keenan DRE # 00860187 & Narlene Carter - Keenan DRE # 00976857

Comments (2)

Kelly McGovern
Realty Concierge International - Bellingham, MA
Working with Kelly is a good move

Some good tips here.  i've worked with some investors who were notorious for low-balling houses.  Educate at the beginning and they will know the right way of approaching the right houses!  Thanks for sharing!

Jan 30, 2013 10:16 AM
The Keenan Carter Group in the beautiful Central Coast of CA
The Keenan Carter Group with Keller Williams - Pismo Beach, CA

Thank you Kelly for the comment. Absolutely! Educating the buyers makes all the difference; especially in this market.

Feb 04, 2013 04:13 AM