Loading ...Perfect house? Don’t Hesitate To Buy
April 3rd, 2008 by Tyler | 402 views |
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I know this happens a lot with women when it comes to shopping and that’s why I never go to the mall with them. You women know what I’m talking about. You will go to the mall on a mission to find a pair of shoes and you come across the perfect pair at the first store you visit. However, it’s too good to be true, so you have to go to every store in the mall to see if there is something better. You spend an extra 2 hours strolling the mall just to find yourself coming back to the first store to purchase that perfect pair. Although, sometimes you’re not that lucky and that pair has been swiped up by someone else. That person realized that was the perfect pair and didn’t need any convincing.
The reason I bring this issue up is because it has happened with a few of my clients. In this market there are a lot of homes to choose from. Just because there are a lot of homes out there does not mean that they’re the best homes. With that said, if you find a home that you like, the chances that someone else likes that home are pretty high. If you find a home that you really like, it doesn’t hurt to put in an offer on that home. If the seller accepts the offer at the price you want then you just got a great deal. I know it may seem too good to be true, but waiting around will only make things more difficult. This buyers market is not going to be here forever and when it’s gone, it will be 100 times harder to get a home you like for the price you want.
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This entry was posted on Thursday, April 3rd, 2008 at 1:11 pm and is filed under Buyers Market, Buying a Home, First Time Home Buyer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
April 3rd, 2008 at 9:34 pm
I agree completely! Many buyers forget that they aren’t the only buyers out there. They think that the house they really like will be there when they come back in a few weeks if they keep looking - Not the case! I’ve had several clients lose out on great deals because they want to see if they grass was greener somewhere else =)
April 7th, 2008 at 7:09 am
I disagree, when you are purchasing the biggest investment of your life, comparing it to shopping for shoes is not even close. There is so much inventory that it is good for the buyer to search thoroughly. It might suck for the agent but the clients need should be ahead of ALL other things. So what the client wants to see more homes, they just might find something better.
It seems to me that you might be sick of showing homes to a client b/c of their indecision. Welcome to real estate bud.
April 7th, 2008 at 1:30 pm
“Don’t Agree” (nice name)
I don’t mind showing 50 properties to clients. That wasn’t the point of the post. I’m saying that right now there are a lot of people searching for homes right now because of the low interest rates and high inventory. That means that when you see a home that you like, most likely 10 other people are going to like it too. After looking at 15 homes, you should have an idea of what you want. So with that said, when you come across a home you love, it doesn’t hurt to put an offer on it. If you don’t get it for the price you want, then move on. Next time read the entire post bud!