Can you still get a great deal in a Seller's Market?

By
Real Estate Agent with First Team Real Estate BRE# 01400631
https://activerain.com/droplet/4Ghh

At present it is a Sellers Real Estate Market. Most non overpriced listed homes are attracting multiple competitive offers and selling close to or over asking price. However, by following the tips you can get a great buy in this hot hot hot market.

First and foremost you must know the market. Buyers that know the market don’t hesitate to write an offer when they see what they want and they make excellent quick desisive decisions.

When making an offer, you want to act fast and push the seller for a quick response. You don’t want to get in a multiple offer situation if at all possible. To help avoid a bidding war, you will want to make a decisive very appealing offer and push the seller to make a decision quickly.

Next, you will want to hone-in on properties that have been on the market for a long time. Properties that are new to the market receive a lot of attention from potential buyers, but often you can find a better deal in a less-competitive environment for a home that has been listed for several months.

When preparing an offer for a home you will also want to see if the seller has any special terms that need to be met. This could be a long escrow, short escrow or any number of other things. The good news is there might be something you can do that doesn’t cost anything, or very little, which could be the difference in you getting the property.

Another key to coming out on top in a seller’s market is having a good agent. Inexperienced and ineffective agents can end up costing you money and, perhaps even more importantly, in a multiple offer situation they can wind up costing you the deal.

Finally, remember that if a deal doesn’t happen there is always another property. Get back out there and find your dream home—it will still be out there.

Posted by

Cindee Cano

First Team Estates

Realtors® | BRE 01400631

 

Christie's International Real Estate

Luxury Portfolio International

 

Cindee 714-328-3333

Info@CindeeAndMichael.com

 

www.CindeeAndMichael.com

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Praful Thakkar 07/19/2015 03:20 AM
Topic:
Home Buying
Location:
California Orange County

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Rainmaker
559,979
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

Good post, you are correct and some helpful points.

 

welcome to ActiveRain

Jul 17, 2015 11:10 PM #9
Rainmaker
5,310,279
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Best wishes for great success with your ActiveRain blogs.

Jul 17, 2015 11:27 PM #10
Rainmaker
5,310,279
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Suggestion:  Use your blog settings to create an automatic signature for your blogs. Readers want to see your contact information and your office address. 

Jul 17, 2015 11:27 PM #11
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There are always good deals to be found in ANY market.

It will be the agility of the professional with whom the buyer or seller works that will determine the outcome.

Welcome to the RAIN.

I look forward to reading more blogs from you and in return you give yourself the freedom to play in the rain.

Jul 18, 2015 01:14 AM #12
Rainmaker
2,430,523
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Hi Cindee, yes, the key to coming out on top is having good agents!  Great blog post!  Keep up the good work!  

Jul 18, 2015 05:25 AM #13
Rainmaker
2,430,523
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Welcome to ActiveRain.  It's great to have you aboard.  I hope to see more of your posts in the future.

Jul 18, 2015 05:25 AM #14
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Cindees, Great first blog here in the rain,  keep it up and you will have lots of followers

 

Jul 18, 2015 08:55 AM #15
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Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Welcome to Activerain and congratulations on your first blog post. Love the video!

Jul 18, 2015 09:14 AM #16
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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Your post is great. Wow...you already know what you're doing with this blogging stuff. I'm also impressed that you jumped into the Rainmaker account for public blogs. Welcome, you're exactly what we want here. 

Jul 18, 2015 11:14 AM #17
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Excellent first post Cindee Cano - wow! A thorough professional post!

Properties that are on market for the long time can be a deal in any market.

Jul 18, 2015 02:31 PM #18
Rainmaker
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Christina Sanchez Hood
Palo Alto, CA
#SiliconValleyHOODS | Inspired Living

Outstanding post and video, Cindee Cano!  I must say, I really think your statement, "To help avoid a bidding war, you will want to make a decisive very appealing offer and push the seller to make a decision quickly." is spot on.  In our area, a off-market offer is not out of the ordinary. 

Jul 18, 2015 05:14 PM #19
Rainmaker
661,306
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Welcome to Active Rain. You have provided a sound strategy for buyers in this super heated sellers’ market in the San Francisco Bay Area. It is a strategy that may not always meet with success but it is better than throwing out an offer with fingers and toes crossed like so many apparently are doing.

Jul 18, 2015 05:30 PM #20
Rainmaker
3,016,288
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Welcome to Active Rain, Cindee! Great first post. And let's not forget that the definition of a good deal will change with the times.

Jul 18, 2015 10:08 PM #21
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Excellent post Cindee!

We all want to get the best deal, and this advice will lead the way.

Welcome to Active Rain, looking forward to reading more of your posts, let me know if there is anything that I can do for you!

Jul 20, 2015 04:03 PM #22
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Hey Cindee! Welcome to Active Rain! We have a pretty even market here in Arizona between buyers and sellers. Great video! 

Jul 21, 2015 01:00 AM #23
Ambassador
2,007,427
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Cindee - Good recommendations for buyers in the seller's market we've been experiencing in Orange County.

Jul 22, 2015 04:21 PM #24
Ambassador
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Cindee - Welcome to the ActiveRain community, and congratulations on your first post here.

Jul 22, 2015 04:22 PM #25
Ambassador
2,007,427
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Please know that the ambassadors, those with the orange badges, are here to help if you have questions.

Jul 22, 2015 04:22 PM #26
Rainmaker
328,254
Vick The Broker .
Olympus Executive Realty INC. - Orlando, FL

Welcome to AR, Congrats on your first blog, look forward to all your future blog post. Its a great place to share your Real Estate thoughts and experiences. 

Aug 11, 2015 01:44 AM #27
Rainmaker
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Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Aug 12, 2015 12:41 PM #28
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