Buying in a Sellers Market? Here's How to Succeed
April 18, 2021
April 18, 2021
If you have been in the market to purchase a home lately, you know it is a very challenging experience. Because there is such a shortage of available homes for sale, most houses are selling for above list price and there are typically multiple offers arriving in front of sellers.
There is, however, no shortage of willing buyers, eager to purchase a home. But is it a good idea to spend more than you can afford? Is it wise to offer more than listing price - sometimes as much as 20 or 30 percent more? And the bigger question - why are lenders allowing this to happen, even if the home does not appraise for the amount the buyer is offering?
Here is a report to prepare you for this experience and hopefully give you a bit more confidence as you place offers on real estate in the local area.
As always, please feel free to contact me with any questions on a no-obligation basis. My goal is to help you, whether or not we ultimately work together on a real estate transaction.
Best wishes!
Tom Bullington, REALTOR
(651) 402-6356
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