Aaron Lathan

5 Tips To Buying In A Seller’s Market

It’s a seller’s market. You’ve likely heard this a lot lately. But what does it mean for you as a buyer?

1. Know what to expect. There are fewer houses available than normal. With such amazing interest rates there are many more buyers in the market than homes to buy. Prices of homes have increased more rapidly than in a balanced market.

2. Be ready to make decisions. If the house looks good or has potential other buyers will also see that same potential. National average for offers on houses have doubled since January 2020. This isn’t a market to “sleep on it” before making a decision.

3. Buy new construction. Seller’s have no reason to back down on price or repairs in this market, and you’re not competing with buyers when you go new. Let’s not forget the incentives!

4. Make strong offers. Many times it comes down to the terms of the offer. Having a pro on your side to craft stronger offers is often key in beating out multiple full price offers.

5. Be flexible. The picture of what your home looks like may need to adjust a bit in today’s market. If you’re not willing to duke it out with other buyers we may need to sacrifice on commute, size, or cosmetics.

Want to chat about navigating this buyer frenzy with a pro? Shoot me a dm 😉.

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Comment down below. Are you ready for this market?