Tips For Home Buyers In A Seller’s Market

Reblogger PropertyMinder (AccelerAgent)
Services for Real Estate Pros with PropertyMinder, Inc.

Terrific advice from Amanda S. Davidson. Particularly relevant for folks in our neck of the woods (Silicon Valley) where inventory is at an all time low!

– Tim

Marketing Director
Direct | 408.213.4668
tim@propertyminder.com
1101 S. Winchester Blvd, J-225
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Weekly real estate marketing tips can be found on our featured Tip Of The Week Archives.

Original content by Amanda S. Davidson 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. 

 

 

 

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




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Rainmaker
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Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you so much for the re-blog Tim!

Apr 19, 2018 02:31 PM #1
Rainmaker
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PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

You're very welcome, Amanda S. Davidson - Tim 

Apr 20, 2018 03:21 PM #2
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