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Let us assist you in the correct approach toward realizing your goals. That’s important to keep in mind as you work with your agent to craft an offer Currently, the asking price is often the floor of the negotiation rather than the ceiling. Offering below or even at a home’s asking price may not cut it right now. If you’ve found your dream home, you need to be realistic about today’s housing market and how that impacts the offer you’ll make. You may need to rethink how you look at a home’s asking price. Low supply and high demand means homes often sell for more than the asking price. This is due, in large part, to the fact that there just aren't enough homes available for the number of buyers who are eager to purchase them. According to the National Association of Realtors (NAR), homes today are: The current housing market is anything but normal. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. Today’s buyers shouldn’t shop for a home and expect to negotiate a lower sales price. If you’ve gotten advice from someone who’s purchased a home before, know that what’s worked in the past may not ring true anymore. If you’re hoping to buy a home in today’s highly competitive market, it’s important to make your offer stand out.
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Try Our MLS Listing Personal Portal! It's FREE and makes managing your home search a snap! We will make a commitment to make every reasonable effort to locate the right property for you when WE are YOUR Buyer Agent!ĬLICK: SEARCH FOR HOMES by specific criteria "Ask Specifically for Experienced Buyer Agents with Valuable Skills & Resources" You can obtain our opinion concerning the condition of the property, the effect of improvements, the seller's motivation for selling, and a variety of information which a seller's agent may not provide. You have the freedom to discuss the value of properties, negotiating strategies and personal finances with us. When we represent you, all our duties are owed to YOU and not the seller! The type of relationship formed between the agent and the client is called a fiduciary relationship.Ī fiduciary relationship is one based on trust, because the agent owes the following duties to the client: Confidentiality, loyalty, diligence, accounting and reasonable care. UNDERSTANDING B UYER AGENCY - Who does the agent represent?