I had some client's that looked at a home a few months back that they really liked. In fact, I could tell as soon as they walked in that there was that excitement that comes from the realization that 'this could be the one'. Unfortunately for them, it happened to be the first home I had selected for them to view... Being new to the process and being determined to get the best deal, they held off. I told them at the time that the home was priced very well, at nearly the bottom of the market for that area and had only been on the market 11 days and had already been in escrow and fallen out - to me that indicated that it was priced in a way to create demand.
Nothing we saw after that exited them like that first home, so two weeks when we went out looking at homes again we took a second look at that home and they liked it even more. They decided to wait on the home again for a second time and a few days later I had to call them and let them know the home was under contract. They were genuinely shocked and disappointed.
While it is possible that the home could have stayed on the market even longer and eventually dropped in price or the seller's become more eager to bargain, what is wrong with making an offer on a well-priced home that you LOVE? Let's remember that we have to live in these homes, raise our families in these homes, and come homes to these places after a long day of work. It's great to get a deal, and I would argue that there are more great deals out there than there are great homes and if you find one that is both - then don't hesitate...make it yours!
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