Three Tips for Buying a House in a Seller’s Market

Buying a house in a seller’s market can be a real challenge for the average home buyer because you have very little inventory to choose from and usually there is a bidding war on the best properties. In order to get a contract on a house, you need to be fast and first, and that can be impossible without the help of a skilled local real estate agent. Here is house the sales agents at Magnolia Realty will help you find the perfect house and get that offer in as quickly as possible.

Getting the Best Possible Price

Once you find the house of your dreams, the seller will know instantly how you feel about the house when you are not working with a realtor. By raving about the house and the location, you give off a signal that you are already invested, so the seller really doesn’t have to negotiate because they know you can’t walk away. When you go looking at houses with a real estate agent, they will take emotion out of the equation and do all the negotiating on your behalf. If the seller cannot get a read on you, they are more likely to negotiate in order to not lose the house.

More Than One Realtor in Your Corner

Trying to find the right house by yourself is a huge undertaking and will usually end with you getting frustrated because buyers with realtors get in and make offers in the blink of an eye. When you work with one realtor, you also work with all the real estate agents they have relationships with too. Once you tell your realtor the type house you want to buy, they get the word out to all their real estate associates to see if any of the agents are or will be listing a house like the one you need, so you can get in the door before other buyers and get your offer accepted quickly.

Getting a Fair Price for a House

One of the ways that you could easily kill your chances of making a winning bid for a house you want to buy is insulting the seller because you think they need to make several repairs before you make an offer. Then there are those who don’t want to upset the seller or sales process and don’t ask for any repair work to be done before closing. Your realtor understands the delicate dance of requesting repairs and will get the majority of work done while keeping the seller invested in the sale process.

It is one thing to fall in love with a house, it is another to get the seller to want to sell the property to you when they have a line of potential buyers at their door. Your real estate agent will not only narrow down the list, so you find houses faster, they will use their experience to get the offer made in a way that the seller can’t refuse.