Getting the Home You Want
Even though you still hear doom and gloom in the media do not let that fool you. They only give total national figures that do not include any specific areas and give the impression that the housing market is still stagnate and everyone is in trouble with their him loans. This is far from the truth.
Naturally, there are areas that are much more effected than others and some of those areas the market might still be at the bottom or still heading downward.
Other areas it is just the opposite and the market is doing quite well. Less short sales and foreclosed homes are hitting the market and more homes that are being sold by actual owners of the home that are not upside down on the property. Some of these areas are doing quite well and the good homes go so fast that home buyers are finding it difficult to find nice homes. By the time a nice home hits the market it sometimes has multiple offers on it within a day or two. This can be challenging especially for those that are unable to go see a home the day it comes on the market. Waiting until the weekend can be too late.
What can you do to avoid missing out on the home you really want to purchase? First of all make sure you have a good real estate that has you on a search that will literally send you an email within hours of a new listing that meets your criteria of a home. If a home seems to be everything you want, take time to get over there to see it.
When making an offer do not make a ridiculously low offer that will either insult the seller or get you into a counter offer situation. During this back and forth counter offer process a stronger offer could come in that the seller simply accepts and leaves you missing out on the home you want. If it is a bank owned home and it is a sought after property you need to make your best offer up front. The banks could simply take a better offer, possibly at full price or slightly more to someone that really wants to be sure they get the home. This sounds so familiar to many that were bidding on homes years ago during the surge in the market. This is certainly not happening in all areas or even for all homes but the homes in good areas that are pristine are selling literally overnight.
If you are a seller of this type of property, pricing it right is still of the utmost importance because over priced will not only cause you to sit on the market for a longer period of time but you might just be missing out on a buyer willing to purchase the home for the fair market value quickly.
Naturally, there are areas that are much more effected than others and some of those areas the market might still be at the bottom or still heading downward.
Other areas it is just the opposite and the market is doing quite well. Less short sales and foreclosed homes are hitting the market and more homes that are being sold by actual owners of the home that are not upside down on the property. Some of these areas are doing quite well and the good homes go so fast that home buyers are finding it difficult to find nice homes. By the time a nice home hits the market it sometimes has multiple offers on it within a day or two. This can be challenging especially for those that are unable to go see a home the day it comes on the market. Waiting until the weekend can be too late.
What can you do to avoid missing out on the home you really want to purchase? First of all make sure you have a good real estate that has you on a search that will literally send you an email within hours of a new listing that meets your criteria of a home. If a home seems to be everything you want, take time to get over there to see it.
When making an offer do not make a ridiculously low offer that will either insult the seller or get you into a counter offer situation. During this back and forth counter offer process a stronger offer could come in that the seller simply accepts and leaves you missing out on the home you want. If it is a bank owned home and it is a sought after property you need to make your best offer up front. The banks could simply take a better offer, possibly at full price or slightly more to someone that really wants to be sure they get the home. This sounds so familiar to many that were bidding on homes years ago during the surge in the market. This is certainly not happening in all areas or even for all homes but the homes in good areas that are pristine are selling literally overnight.
If you are a seller of this type of property, pricing it right is still of the utmost importance because over priced will not only cause you to sit on the market for a longer period of time but you might just be missing out on a buyer willing to purchase the home for the fair market value quickly.
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