HOME BUYERS...MAKE YOUR BEST DEAL!
The Los Angeles Times just published some valuable information for prospective home buyers. The tips are worth adopting in the search for that dream home.
Once a buyer has made the decision to initiate the search for their perfect home, consider it a priority and a commitment. A quick way to ensure less than stellar service from your agent is to make comments such as "If you ever see a house that has....", "I am in no rush..." or "I don't know where I want to live, but here is a 10 mile radius to search...", to a Realtor, translates to "I am not really ready to buy." An enthusiastic buyer with specific time frames and needs will bring out the best in their Realtor.
In a market with extensive inventory, a buyer can be easily overwhelmed with the number of potential homes to view. A list of "musts" and "wants" will go a long way to provide your Realtor with information that will narrow down the showings to homes that will really fit the buyers needs.
In a market where a foreclosure rate of 3% leads to a 7% increase in crime, knowing the neighborhoods and the niches within the neighborhoods becomes critical. Work with a Realtor who specializes in the area in which the buyers want to live. As is always the case, real estate is a very local business. Knowing the nuances of that neighborhood is good information to have.
It is a repetitive quote, but it particularly true right now. There is a widespread thought that interest rates have hit their all time low and are already starting to climb. Inventory is great, with lots of selection. Now is a great time to buy...and commit to that purchase!
Once a buyer has made the decision to initiate the search for their perfect home, consider it a priority and a commitment. A quick way to ensure less than stellar service from your agent is to make comments such as "If you ever see a house that has....", "I am in no rush..." or "I don't know where I want to live, but here is a 10 mile radius to search...", to a Realtor, translates to "I am not really ready to buy." An enthusiastic buyer with specific time frames and needs will bring out the best in their Realtor.
In a market with extensive inventory, a buyer can be easily overwhelmed with the number of potential homes to view. A list of "musts" and "wants" will go a long way to provide your Realtor with information that will narrow down the showings to homes that will really fit the buyers needs.
In a market where a foreclosure rate of 3% leads to a 7% increase in crime, knowing the neighborhoods and the niches within the neighborhoods becomes critical. Work with a Realtor who specializes in the area in which the buyers want to live. As is always the case, real estate is a very local business. Knowing the nuances of that neighborhood is good information to have.
It is a repetitive quote, but it particularly true right now. There is a widespread thought that interest rates have hit their all time low and are already starting to climb. Inventory is great, with lots of selection. Now is a great time to buy...and commit to that purchase!
Labels: Home buying tips
posted by Paula Swayne at
3:00 PM
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