Seller’s Market Version – How to get a great real estate deal!
I hear it on a regular basis from Western New York Buyers:
“I want a Great Real Estate deal!”
Makes you think of the popular TV game show “Let’s Make A Deal!” There sometimes you get a flashy sports car, and sometimes you left with his and her bicycles or worse.
Much like the For Sale by Owners, WNY Buyers that try to go it alone without the assistance of a Realtor have a difficult time.
It is a Seller’s Market and the buyers have visions of purchasing Champagne homes on Beer Budgets. It is happening across the country Realtors are hearing from potential buyers. “Can you get me a great Real Estate deal?” Western New York Buyers are no different. “I want a deal!” I hear it all of the time. But I have something for you to think about…
Do you deserve a Deal?
If there is a Western New York buyer out there not demanding they get a deal I would be very surprised! And why not?
The Real Estate Market favors the WNY sellers right now. Inventory is down and many WNY home sellers are faced with multiple offers. Not all home buyers have gotten the news that things have changed. They still seem to think they are entitled to the BEST DEAL! And in their mind it is possible to purchase way more than it is realistic. Many have been shocked when they write their first offer to find that they have been beaten out by someone who is far more savvy!
There are a lot of wonderful Real Estate Opportunities in Western New York. Not all areas are seeing multiple offers, and more buyers than homes to buy. The problem is even though EVERYONE wants a deal, not everyone can get the BEST deals. The BEST deals will to those that are prepared and ready to act. Are you?
Best Deals are Short Sales and Foreclosures! – think again. There always seem to be many competing offers because everyone wants the same great deal
The banks want market value
You may have to buy “as is.” So is this REALLY a deal?
Just Make Low Ball Offers! – A better strategy is to make solid offers on properties that are priced correctly.
Value of a Property is a Personal Factor – Are you getting a Western New York home you love or just a house you are dealing with?
Pre-Qualification is Key! – If you aren’t, no deal. Loan programs are changing daily, with so much competition in looking for deals you will need to be looking good on paper!
There is lots of competition – Surprise! You are not the only one sitting on the fence waiting for a great deal! Well priced Western New York homes in great condition are going to disappear quickly. Do you really want to be in the position saying “I should have acted faster?” If you want to win, look in areas that are not selling as fast, where Days on the Market are longer.
Read Also: Western New York Favorite Buyer Articles
Be ready to act!
This is important! The best deals are not going to come to you on a silver platter. You are going to have to do some work and when you find that great deal you are going to have to have:
Few if any contingencies
Pre-approval letter with a Mortgage Professional with a stellar reputation
Prepared to put a large down payment
The ability to have a quick closing
No one wants to overpay and you are right to want a Good Deal.
Today’s Western New York Real Estate market has a lot of inventory, with lots of options for the WNY Buyers to choose from. Your competition for the really good buys may be tougher than you think.
There is no reason to go it alone working with a knowledgeable Western New York Realtor will ensure that based on your criteria we can find you the best deal at that time! Call me today at (716) 650-0051 and let’s get started!
For more information call Colleen Kulikowski
Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.
What about one of these homes?
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®. Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2014 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved. All Statistics are gathered from the Buffalo Niagara Association of REALTORS®. Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2014 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.