There are many things Buyers from outside the area don’t know about this market. I would like to share a little about the current market conditions as it affects buyers and give you a few helpful tips that can help you purchase your home here in the area.
First of all many Buyers come here after selling a home elsewhere. The first thing they say is “I’m paying Cash”. This in their mind gives them buying power just like back home. Here is your first bit of important information, everybody else here is also paying cash. Truth of the matter is around 48% of all transactions in this area are cash deals. Here is a helpful tip that can get you the home you want.
The first thing you must ask yourself is do I like this home or do I love this home. If you love it you must bring your A game. First thing you want to know two things, how long has the property been on the market and how much activity has there been on the property.
If the property has been on the market for a week or less and there have been a number of showings full price cash probably wouldn’t get you the property. If you love the property and you want to be in the game you should offer a couple thousand dollars over full list cash. At the very least it will keep you in the game.
On the other hand, if the property has been on the market for six months or longer you can offer under full list and let them counter. But I must warn you, homes that are in good condition and priced right are selling fast. If the property has been on the market for six months you should check this out a little closer there may be some problem you’re not seeing or it simple may be over priced.
There is other important information a good Realtor will check into for you
before you make an offer on the property that has been setting on the market. If you are in the middle of a transaction and you don’t know what to do next or if you have lost out and didn’t get a couple homes that you loved, contact me at www.thehinelineteam.com or www.fwhprogroup.com and I will give you some additional pointers.