Why Buyers Can't Wait On A New Home Purchase In Framingham Ma In 2016
Buyers have a tough time with competition ramped up and low inventory , which is not enough to satisfy all the buyers out there in the Framingham and Metrowest Ma market. Most agents try yo get as many offers in at one time by not allowing any showings on new listings before the first open house. This gets all the interested parties fighting over that single property that is new and hot on he market. This puts the seller in the driver seat to get the property sales price bid up and as a result, getting the highest price possible that the market will allow. Appraisals are almost always coming in higher and being appraised at that number in the Metrowest market. Framigham homes are apprasing well now. 5-7 years ago, property appraisals were so tight that the banks would barely even lend enough money to cover the purchase prices. Sellers were receving less for their homes and were lucky to receive one offer after 60-90 days. Times have changed. If you were able to hold on tight, you will be rewarded today for your patience and your knowledge that the real estate market is always and always will be cyclical. That is not to say that others were that fortunate, and didnt lose their homes in the foreclosure process. having to shaort sale because a job loss, of which was so common in 2007-2011. The more house you owned the more equity you lost. Everyone has gotten back a big portion of their lost equity in Framingham but not all homes have recovered fully from all the losses incurred over that time period.
One of the reasons buyers can't wait on a new home purchase in Framingham Ma in 2016, is because even though the inventory has increased over the ast 45 days, there are currently 87 total properties for sale. These properties are moving fast and buyers need to be wary that inventory increases still doesn't guarantee them to get the home they want if they don,t act quickly and have a backup plan for the second option. A contingency plan in this smoking hot sellers' market in Fraingham is a great way to ensure success. You better have an agent that is a top negotiator and that is responsive to your needs as a buyer. Sellers in every pricerange are benefiting from the multiple offer scenarios that are coming into play at every turn. It is important to keep a positive attitude and look at the opportunity to buy more house for your money with these historically low interest rates. You need to be patient and realie that you are not the only ones getting the first Framingham home you submit an offer on. You definately need an experienced agent, who is a top negotiator on your side to navigate through this multiple offer situation and to help sway the list agent and seller of your buyers strengths and ability to close. This is what I do.
Whether youa re a buyer or seller the market calls for experienced agents to help you get through either side of the process successfully. I am here to talk anytime you need real estate assistance. Check out some of my client testimonials at www.dangreenberger.com or here on active rain.
Why Buyers Cant Wait On A New Home Purchase in Framingham ma In 2016