To have a competitive edge in today's market you simply
must take some necessary steps to avoid disappointment when you go to buy or
sell. Although the real estate market is
improving, it can still be tricky to
accomplish what you set out to do.
For buyers, this means that you simply must have a
pre-approval letter from a sound and reputable lender if you want the seller to
seriously consider your offer. In some
price ranges, if a property is priced
well, it will generate several offers within 1-3 days. Being first, does not always mean that the
seller will work with you.
Not having your financing in place before you look at
property, keeps you completely out of the game.
Be prepared to pay close to asking price or even higher unless you have
all cash if the home you want is in one of those "hot spots". Cash buyers should understand that even
in certain hot spots, they may have to pay full price to get the property they
want.
For sellers, it is critical that your home is priced
right in the beginning. Just because you
may be hearing that prices are rising, this may not be true yet in your
particular neighborhood. Find a
professional agent who will be
straightforward with you and tell you the truth, no matter what you want to
get. Hire one who has embraced the
technology of marketing in today's world and who has survived the past few
years and even prospered. That is the Realtor, who has learned how to
make it happen regardless of what the economy is doing.
Nancy Puder is the broker and owner of Signature
Properties, a prestigious real estate sales and management firm in Arroyo
Grande, CA. You may contact her at Nancy@NancyPuder.com or (805)710-2415.
Your calls are always welcome!
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