Buying Homes for Sale in the Bay Area In Today’s Market
If you are in the market to buy a home for sale in the Bay Area area, you are no doubt aware that you have company. The market has shifted to a full blown seller’s market for most price ranges. The combination of record low interest rates (still), lower prices, and an improving economy have combined to add strong demand to a market already constrained by low inventory.
The reality of current market conditions has complicated the process of securing a home. Aggressive buyers are overbidding for homes for sale in many of the local markets, and the increase in competition makes it imperative that buyers have a sound strategy for dealing with competition from other buyers
Competing in a Multiple Offer Environment
There are many unique factors that buyers must consider in a over-heated seller’s market, including:
What is a reasonable range of value for this property?
How many other offers does the seller have or expect?
What are the issues that may arise from the appraisal should it come in below the sales price?
What can we do to increase our chances of getting our offer accepted other than raise the offering price?
What is the best way to deal with inspection issues that may arise?
What are your financial constraints?
What is your comfort level with the property and what it might take to secure it?
With these critical factors facing buyers in today’s market, there is no substitute for experience. I have the qualifications, experience, and the skills to navigate this shifting market and position you to successfully secure the home at the best possible price, even in multiple offer situations. I have success and experience in getting my clients' offers accepted in multiple offer situations. I am an experienced and skilled negotiator, giving you the edge you need to win in this market. In short, with me, you will have the advantage you need in this competitive market.
Contact me today to set up a consultation so we can discuss your situation and craft a strategy for getting you a home.
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