TIPS FOR BUYERS IN A SELLER'S MARKET
With the fastest market in history, homes are selling at record speed. When a home hits the market that you might be interested in, go see it! Don’t wait!
Be prepared and flexible
In a sellers market due to low inventory levels, buyers have to be more aggressive in order to be successful in their homeownership goals. The average number of homes with multiple offers in California is almost 8 out of 10 homes. Don't plan on waiting for the open house, it may be gone!
Even with the best Real Estate Agent, buying a home in a sellers’ market can take a lot of your time, so be prepared, be flexible, be ready to move quickly, and be decisive. Now, having said that, don’t be too impulsive or too compromising. Urgency is key but don’t let it rule your decision either. The right home will show up eventually.
Make a good offer
Buying a home, whether it’s your first home, your forever home, or your retirement home, is a big decision and the last thing you should want is buyer’s remorse.
Full price offers are common, and even a few homes are going over the asking price in a bidding war with motivated buyers. So just what is it that a buyer should do to succeed when they find a home you’ve fallen in love with and can’t see yourself in any other home?
Content by Gabriele Orbell Concord Realtor