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Strategize
Strategic Approach to Buying
Consider these buying strategies used to find your desired home for market value or below:
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Inventory surplus
Good ol’ supply and demand can be a no fail way to buy a great property, purchasing at a time when there is a surge of comparable inventory is a great way to buy a property for below market value. These time frames don’t last long so act quick.
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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.
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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.
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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.
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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.