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Selling A Property
November 27, 2017

Tips for Buyers in a Sellers Market

The real estate market often fluctuates, making it difficult to predict whether the market will favor buyers or sellers when it’s your turn to buy. In a seller’s market there is usually a shortage of inventory, and the competition is usually fierce, be decisive and work with an experienced real estate professional to avoid the many pitfalls. 

Here are three common pitfalls and how to avoid them.

Over-Analysing the Purchase Price

Over analysing a home purchase in a seller’s market puts you at high risk of losing the home you have identified as your dream home. Determine the type of home you want, the location you desire, and your price range, and work with an expert realtor to find a home that meets your qualifications.

Not making your best offer

Offering lower than asking price is a reasonable strategy, especially if the house is overpriced compared with other similar homes in the area, or if it’s a buyer’s market with lots of available inventory. In a sellers’ market however when making an offer, make your opening offer strong as you may not get an opportunity to make a second one.

Working with an inexperienced agent

Attempting to buy a property without a realtor is like representing yourself in court without an Attorney. An experienced real estate professional can assist you with the buying process and getting the best deal.

There is no need to be intimidated by a seller's market when you have the right real estate professionals working for you. The CENTURY 21 Heave-Ho Properties sales team of over 50 professionals has assisted hundreds of buyers and sellers successfully navigate the complex real estate market.

To find out more visit our website http://www.century21jm.com , email c21jam@century21jm.com or  call us at 969-2100.

The real estate market often fluctuates, making it difficult to predict whether the market will favor buyers or sellers when it’s your turn to buy. In a seller’s market there is usually a shortage of inventory, and the competition is usually fierce, be decisive and work with an experienced real estate professional to avoid the many pitfalls.