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Everyone’s saying it’s a buyer’s market. How do I ...

Everyone’s saying it’s a buyer’s market. How do I take advantage of that?


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3 helpful answers

First of all, realize that a buyer’s market means that there’s a lot more inventory to pick and choose from. And with more inventory comes more negotiating power for you as a buyer. You may be able to bid below asking, bump down purchase price for necessary updates you’ll need to make, or even convince the sellers to update certain amenities for you. Be up front about what you expect and see what they come back to you with. You might be pleasantly surprised.

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7 helpful answers

Marin County IS a hat for every different head!

Buy a house!! I recommend that you ONLY buy the very best investment(s) available. That means you must learn value under current market conditions in your local market. (This is a smart alec response in case you didn't recognize it).

There are MANY other aspects to purchasing in a market that tends to favor buyers. There are many listings that  are NOT good values. It is likely in your best interest to work with the very best real estate agent you can. I recommend that you take the time and energy to search out the very best, interview at least 3, preferably more, and chose the one that rings your bells. I say "rings your bells" because you must find someone intelligent, experienced, dead honest and committed to providing the best service their capable of. EVERYONE will profess and you have to determine who is real and who is blowing smoke.

If you need more guidance RSVP and I'll dig deeper. Your question was pretty wide open so I hope I've pointed in the proper direction.

 

 

Posted 2009-07-09T20:13:54Z
Tristan Celayeta was invited by Yedda to answer this question.

 
2 helpful answers

All real estate is unique, so the answer that works for one property and one buyer may not work for a different property or a different purchaser. It is the uniqueness of real estate which in many cases makes it profitable. Here's one such tool which will help you to determine if a property is a good investment. It’s a smart real estate rating engine that provides a lot of information & insight for making a safe real estate investment. It identifies properties with the most value, establishes the right price range to pay and can help produce positive cash flow for you. Look into http://www.smartzip.com/info/score

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Home ownership doesn't have to be just a dream; it can become reality!  

With the inventory that is available, the amazing interest rates that are being offered and the home sellers that are sitting on their hands just waiting for the offers, why would you not buy now? A listing price is a starting point and you must have that. Make that OFFER... you might be SURPRISED!

Posted 2009-07-13T00:57:52Z
Central VA REALTOR was invited by Yedda to answer this question.

 
lukemahony007
(deleted account)

It is a “Buyer’s Market”, but the best bargains are selling quickly. For the first time in several years, we are seeing “multiple offers” on the well-priced properties. Remember now is the time to buy that home you always wanted with prices where they are today, one of the best ways is to use the right metrics based on the regular analysis gives an exact picture which can help make better Home buying decisions.

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