Getting Offers Accepted in Changing Market

The National Association of Realtors Pending Sales Report revealed buyer demand highest in last three years. Simultaneously, the supply of homes for sale has noticeably dropped in the last half year, creating a real estate market not seen in a while. Bidding wars in almost every market might be new norm.

To increase the chances of an accepted offer, a buyer should consider:

Make a Good impression

Give sellers best impression when either viewing a home and meeting seller in person, or projected through your agent. Feelings can impact the seller’s when deciding on which offer to accept. Put your best foot forward the first time.

Competitive Offers

These new market conditions apply to buyer’s offers. How will you set yourself apart from other offers?

It’s Changing

Just a couple years ago, inventories, house prices and interest rates all favored buyers, but that seems to be changing. Buyers should understand these changes and its impact when deciding to bid on a home they really like.

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