My listing has been on the market for about three months now. The sellers just dropped the price last week and now – after about two dozen showings – we have an offer. Then, we got another offer. When it rains, it pours for sure!
If you are in the real estate market, houses under $150,000 are selling quickly because of their affordability and buyers are looking to be under contract prior to April 30th. If this is your price point, don’t be surprised if you get in a multiple offer situation and don’t be afraid to make your best offer.
Sellers want to sell and they’ll likely negotiate, but it’s not just the price that’s important. Consider with your offer how long you’ll take to close, what seller concessions you’re asking for, and what items you want to remain with the property… every little detail counts when there is more than one buyer.
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The home buyer’s tax credits have been a great incentive for buyers. Good news is that for many states the MCC (Mortgage Credit Certificate) program is not on a limited basis and will continue. The best part is if you can qualify for both!
Posted by: Awareness Home Funding | February 5th, 2010 9:29 am |