Buying a Home? You Need to See Things Like a Seller! | RealtyPin.com
LOS ANGELES, Feb. 6, 2013 /PRNewswire-iReach/ -- Buying a Home? You Need to See Things Like a Seller! - All you need to do is take a quick spin around real estate portal Realtypin.com to see that it can be tough to buy a home these days. After all, you have to qualify for a mortgage (which isn't nearly as easy as it used to be!). Then, you have to go out and find a house you love (even though the number of homes for sale isn't as high as it used to be!). And, in some places, you even have to get into a bidding war with other buyers in order to get the keys to your dream home! So, you've got a lot on your plate. But if you really want to get the most out of your home buying experience, you also need to see things like a seller. Specifically, you need to understand that:
- Many of today's sellers are scared
The housing market has been a scary place for several years. Now that things are finally starting to show signs of improvement, sellers are starting to come out and try their hands at the market. But they're still afraid of not getting what their home is worth – or, worse, not getting any offers at all! So, just because you may live in an area that's technically a "buyers' market" doesn't mean you should take advantage of the situation.
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- There's a good chance they need to move quickly
In today's market, many sellers aren't putting their homes on the market because they want to. Instead, they're selling because they have to. They might have to move for a new job, or they might need to move to a bigger home because they have an elderly parent or an unemployed son moving in with them. Whatever the reason, they may not have time to haggle over a bunch of details. So, if you get bogged down in them, they may view you as being more trouble than you're worth – and move onto another buyer altogether.
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- They may be in your position, too
After all, everyone needs a place to live! So, there's a good chance that the seller you run into is a buyer in some other neighborhood. As a result, they have a good understanding of what you're going through – meaning that they're not going to go out of their way to drag the process along or force the price higher than it should be. Consider it the real estate version of the Golden Rule!