With the news about the market environment brightening sellers days a bit it is fitting to step back and recognize, it’s still very much a buyer’s market.
With foreclosures and short sales as well as the economy still driving prices down, buyers have a big advantage.
Even so, its not like you’re buying a cup of coffee here. This is a big decision, here are a few pointers.
- Be realistic: keep your offer in the 10% range of the listed price.
- If you are looking to buy quickly and not compromise on features look to newer communities.
- Do your homework: understand the market and the inventory that is out there.
- Understand negotiations: what have other buyers been asking for/ receiving in the area.
Her Real Living’s Chris Pedon pointed out in a recent interview for Real Estate Revival “The seller needs to be flexible because it seems as if we are negotiating 3 or 4 times instead of one, it isn’t like the old days where you put it in contract and move toward closing.”
Good words of advice to the seller, and a heads up to potential buyers.
If you are looking to buy or sell a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.
