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Strategic Approach to Buying
Consider these buying strategies used to find your desired home for market value or below:
Good ol’ supply and demand can be a no fail way to buy a great property, purchasing on a week when there is a surge of comparable inventory is a great way to buy a property for below market value.
Second is the best
The top homes attract tons of interest and can often tie up a number of buyers. Take advantage and go for the house that gives you all that you need and a little room in the budget to make it the house you want.
Early bird gets the worm
It doesn’t make sense to rush out to an overpriced property, but being one of the first groups to see a well-priced home can be a big advantage.
Be the price change
Properties that have been on the market for awhile may be considering a price drop. Your lower offer can reassure sellers that a price drop is appropriate and avoiding another week or more of listing is why they might just accept your offer now.
Take a long shot
Don’t go around handing out low ball offers, but if your Broker gets a sense that there could be significant movement, it might be worth starting a negotiation.