Yes, we all know it is a “buyer’s market”. That doesn’t mean that buyers can expect to walk all over the seller. Buyers should consult with their Realtor when preparing to make an offer. Together, they need to discuss a strategy that will be the most effective way to get the best deal. Buyers should remember that the seller makes the decision on whether or not to sell. This can be an emotional decision, so it is best to avoid ticking them off. Also, the purchase strategy will vary depending on whether the property is distressed, non-distressed or a bank owned. In all cases, buyers should have a “win-win” mind set if they want to succeed in getting as many concessions as possible from the transaction.
This article written by Tara-Nichole Nelson of Trulia.com is excellent. Check it out: 5 Things Home Buyers Do That Turn Sellers Off. Tara points out some important things that buyers should avoid if they want to have a successful home purchase.
This may be the most powerful time ever in our lifetime to buy a home. If you have the desire, and it makes good financial sense to buy…go for it. If you are not sure whether you should buy or if you would qualify, contact me and I will put you in touch with a recommended financial planner and/or mortgage broker. Then, when you are ready to make an offer on the home or investment property of your dreams, work WITH the seller, not against.
GORMAN-ROSS Real Estate Network