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Mastering the Competitive Home Buying Market: Insider Tips for Buyers

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Real Estate Agent with Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com

Mastering the Competitive Home Buying Market: Insider Tips for Buyers

In today’s real estate market, buying a home can be fiercely competitive. You might be surprised to learn that the highest priced offer doesn’t always win in a multiple offer situation. Sellers often prioritize offers with fewer contingencies, like waiving the home inspection, over those with a higher price tag.

Tips for Savvy Home Buyers

  1. Think Beyond the Price: A lower offer without contingencies can sometimes be more attractive to sellers. Flexibility on terms can make your bid stand out.
  2. Target Long-Listed Homes: Properties that have been on the market for a while are often ripe for negotiation. These homes may be overpriced or need some work, giving you leverage to negotiate a better deal.
  3. Negotiate Wisely: If the seller is motivated to sell, they might be willing to lower the price or make concessions. They often prefer to avoid prolonged mortgage payments and are eager to move on. You might receive a counteroffer, but this opens the door for further negotiations.
  4. Consider Neighboring Cities: Sometimes, moving just a little further out can yield more affordable options. Exploring nearby areas might uncover hidden gems at lower prices.
  5. Work with an Experienced Realtor: Having a knowledgeable local realtor can make all the difference. Their expertise and understanding of the market can be crucial in getting your offer accepted.

Ready to find your perfect home in a competitive market? Let me help you navigate the complexities and secure the best deal possible. Contact me today to start your home buying journey!

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Posted by

 

Laura Sellers

Associate Broker, Realtor, GRI

Berkshire Hathaway HomeServices 

Preferred Real Estate, Inc.

1810 E. Glenn Avenue, Suite 130

Auburn, AL 36830

Phone: 334-332-7263

Fax: 1-888-217-3682w

 

www.AuburnOpelikaALRealEstate.com 

 

TO VIEW HOMES FOR SALE IN THE AUBURN-OPELIKA AREA PLEASE CLICK HERE.

 

EXPERT IN AUBURN - OPELIKA - REAL ESTATE SERVICES

If you are buying or selling  property in the Auburn - Opelika, AL  area, my team and I will provide you with the service that you need.  We're the #1 real estate company in Auburn's #1 office.  

Please call me today at (334) 332-7263.

 

To view homes for sale in the Auburn - Opelika area please click here. 

 

Referrals are always welcomed and appreciated, Thank-you!

 

 

Show All Comments Sort:
Roy Kelley
Retired - Gaithersburg, MD

This is good advice to share with home buyers.

Have a great day and a very productive week.

Aug 26, 2024 07:09 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Good post Laura,  Absolutely spot on.  The days of the 'highest price' being the auto winner have long passed.  Too much going on to pay attention to the money alone.  m

Aug 26, 2024 10:41 AM
Lew Corcoran
Better Living Real Estate, LLC - East Bridgewater, MA
Expert guidance. Exceptional results.

Thank you, Laura, for sharing these insightful tips on navigating the competitive home buying market! I appreciate your emphasis on strategies beyond just the price, as well as the importance of working with an experienced REALTOR to enhance our chances of success.

Aug 26, 2024 01:27 PM