Tips For Home Buyers In A Seller’s Market

Real Estate Broker/Owner with Amanda Davidson Real Estate Group 0225221517

Tips For Home Buyers In A Seller’s Market

Many areas are experiencing extreme seller's markets right now and Alexandria is no exception. How can you prepare as a buyer who is looking for a home in a seller’s market?


Get Pre-Approved – the market is moving very quickly and when you find the home you want to make an offer on you need to act quickly. If you have to wait one to two days to make an offer because you’re waiting for a pre-approval you risk the house going under contract. Sellers are not going to consider an offer that doesn’t have documentation included showing that you qualify to buy their home.


Home Buyer Tips

Be Prepared For Competition – in a seller’s market it can be a good idea to focus on homes that are slightly below what you want to spend. Multiple offers equate to homes being sold for above list price and by looking slightly below your budget you leave yourself room to be competitive if you want to offer above list price to appeal to sellers.


Tips For Home Buyers in A Sellers Market


Do Not Delay – go with your instincts when you find the right home don’t delay in making an offer, especially if it’s a new listing and getting a lot of traffic. Homes that show well, are priced correctly, and easy to show are moving in a matter of days. In the current market conditions not acting quickly when you know it’s the right home can mean you never get a chance to make an offer.


Home Buyer Tips


Best Offer – a seller’s market is not the time to test the negotiation waters. This will vary for each home and you should consult with your agent on offer terms. If the home has only been on the market a couple days or if you know there are multiple offers always put your best foot forward when making your offer. You might not get another chance to improve it and want to have the best shot at the sellers selecting your offer to work with.



Read our full article on tips for buyers in a seller's market. 



Posted by


Amanda Davidson Real Estate Group





Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057


Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Gabe Sanders 03/19/2018 11:00 PM
  2. PropertyMinder (AccelerAgent) 04/19/2018 11:23 AM
Home Buying
Virginia Fairfax County Alexandria
buying a home
home buyer tips
home buyers
buying a home in northern virginia

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Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Good Morning, Amanda! I love this post and you certainly have great tips covered for buyers in a hot Alexendria sellers' market! Wise advice to shop a bit below where you want to wind up so that you're not going over your budget or where you simply want to land on pricing too. That piece of advice can save a lot of heartache for many!

Happy Monday!

Mar 05, 2018 05:28 AM #1
Nick & Trudy Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtors, Philly Main Line

Great advice, and worth repeating regularly in a sellers market.

Mar 05, 2018 05:50 AM #2
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Amanda, Ones again you did  excellent job with the post and the cards..  Love it !

Mar 05, 2018 06:10 AM #3
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Amanda S. Davidson 

Thank you for sharing your information with us

Have a great day.

Mar 05, 2018 06:41 AM #4
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

This seems to hold true in any market, I have had buyers that wanted to take their time in a slow market because the house had been on the market for a while already, but by the time they were ready to make an offer they had competition and lost out.

Mar 05, 2018 06:58 AM #5
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope home buyers will read this post and call you. 

Mar 05, 2018 07:31 AM #6
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

All great advice!  I also tell my buyers, not to get wrapped up in the fast paced market and just buy ANY house.  Buy the house that's right for you.  Homes come on and off the market everyday.   When you do find the right house, you have to strike and strike fast with a solid offer.

Mar 05, 2018 08:52 AM #7
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Amanda, this is always good advice. My market is busy with buyers looking under $200K. The other listings will take longer to sell.

Mar 05, 2018 08:56 PM #8
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Amanda.  Buyers in a hot seller's market should read this and take your advice.

Mar 06, 2018 05:05 AM #9
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, great tips, and sounds like your home buyers are experiencing the same scenario.    You nailed this one again!  

Mar 06, 2018 05:12 AM #10
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Hi Amanda, thanks for sharing the tips, they are "right on" in my opinion.

Mar 08, 2018 10:56 AM #11
Golden1 Agents
San Mateo, CA

Great advice...thanks for sharing and have a wonderful day.

Mar 10, 2018 08:06 PM #12
Patricia Feager
Selling Homes Changing Lives

Amanda S. Davidson - This is great advice. Low inventory + More buyers = only one can win to own. Why be a back-up or have no chance at all. Your formula is a winning recipe!

Mar 14, 2018 05:57 AM #13
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Amanda I would have missed this great post if it was not for our friend Gabe Sanders  reposting it, Endre

Mar 19, 2018 11:52 PM #14
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Amanda S. Davidson,

What a well written post covering all the basics and sound advice for buyers!The piece of advice about  shopping under your budget in a seller's market can save a lot of heartache for many!

Mar 20, 2018 04:36 AM #15
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Waterfront and Coastal Lifestyle Properties

Amanda, you have done a great job with this post. Buyers need to be prepared to move quickly in this competitive market 

Mar 22, 2018 04:15 AM #16
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Alexandria Virginia Homes For Sale
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