A Smarter Approach to the Clearwater Sellers Market
Buyers Approach to the Current Market
| Table of Contents |
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| Statistics and Graphs |
| Sellers Approach to the Current Market |
| Buyers Approach to the Current Market |
| Mobile App to Get Info When Out Looking |
I’ve written about this in several of my most recent newsletters but I’ll cover it again briefly.
Well-priced homes or condos in good condition in areas with strong demand sell very quickly, often to cash buyers and often at , near or even above list price.
To be able to get what you want you need to be aware of the inventory constraints and you also need to be prepared to act quickly when you find something you like.
If you are a cash buyer thinking of getting financing due to low interest rates, you should contact a loan officer or mortgage broker and get a preapproval letter. But if you find a property that you want to buy and find out that there is another offer from another buyer (or buyers), you should put in a cash offer if you want to have the best chance to have your offer chosen and then if you do get that property you can do a refinance loan after closing.
If you are not a cash buyer, you absolutely must get a preapproval letter before finding something you want to purchase. I just had a buyer who lost out on a nice villa that was exactly what they wanted – when we contacted the listing agent to let them know we would be putting in an offer we found out they had another offer in and we would have to get ours in that same day to have a chance to get it, and my client had not yet contacted anyone about getting preapproved and wasn’t able to do so in time.
The other things that buyers need to do to be prepared – know what you want and what features are a ‘must have’ and what you can be flexible on, know what your price range is and get help in determining what the market value is for any property you want to purchase.