Decisive Educated Buyers Capitalize

In today’s limited inventory market, those buyers who are actively searching for their next home and are familiar with the present inventory and values, are being rewarded. 

With homes at times being snatched up in a day or two with multiple offers, there are some buyers who are smart, savvy, and confident and from time to time, they will benefit by knowing a great value when they see it. Those buyers are able to structure an offer that gives the seller extreme confidence that they are selecting the buyer who will perform and close.   The offer would likely have a large earnest money deposit, limited contingencies, and very short time frames to remove those remaining contingencies. 

On the contrary, those buyers who jump into the market and make an offer at the speed of light, often find themselves either backing out of the transaction or ultimately closing and overpaying for a property.

In order to best position oneself to capitalize, it is crucial to be the first in to see new homes as they hit the market and or have your Realtor be the first one there to deliver to you immediate “first hand” feedback as to whether or not you should see the home.  Regardless of whether the home is a potential winner, the most prudent buyers will look at the property either way.  With limited inventory, it is invaluable to see as many homes as possible as each one provides an additional data point to prepare buyers for the day they find the right property.  It is the collection of this data that, in the end, will be the foundation of their extreme confidence to make a winning offer that has a big earnest money and the elimination of a key contingency or two, because the “BUYER KNOWS”. 

To learn more about how to best position yourself, call your Eleete Broker today.