Comments Off | Tuesday, February 23, 2010
Dear buyer.
Are you aware of the trends happening in the market? Buyers continue to search for homes and the market has heated up, due to the lower inventory levels when compared with last year.
What does al this mean?
There are fewer homes and more buyers looking for homes. But don’t be discouraged if you are a buyer. The market still has plenty of inventory. It’s important to choose a good Realtor, who will help you write a strong offer. Your Realtor shoul ed be willing to work with you and understand your specific needs. Make sure you complete your home buyers questionnaire. This will assist you in deciding on property features, location, and much more.
In today’s marketplace, you may have to try again and again to get your offer accepted; this should not discourage you. I guarantee it will be a learning experience.
Inventory is lower than before, and demand is increasing for the good properties.
What do you consider is a ‘good’ property versus a not so good one? Do you know the difference?
Prices are rising and many properties are being sold within the first week of lisiting. If you found a home you liked very much, then chances are there is competition for that home. Competition can result in multiple offer situations. Be patient. Keep your focus looking forward and be willing to move on if at first you don’t succeed.
My advice is to consult with your favorite Real estate professional today. Developing a long-term relationship with a REALTOR® is the best way to ensure you will be well armed and informed when making your housing decisions.