“Oh we put an offer in and we didn’t get the house…” Is a familiar sad story for buyers. I have seen buyers put in 10 offers or more and still not get the home. WHY? Myth One: “It’s the market.” WRONG. Somebody got the house you wanted because they had a better strategy than you. Myth Two: “My agent was weak.” WRONG. Ultimately YOU are the one who guides the transaction. It’s YOUR terms. It’s YOUR decision. Myth Three: “I can’t compete with cash offers.” WRONG even FHA offers are getting accepted when going up against cash. Here is the secret of being a powerful buyer. 1) Shop with your head not your gut, which means buy a “house” not a “home,” that is, don’t get emotionally tied up with the process. Look for a great functional house that you can eventually make into your dream home. 2) Never put in an offer below the asking price. Put in a full price offer or above! When you have an accepted contract then you can negotiate during the inspection period. But if you don’t have a contract you can’t negotiate anything! 3) Shop 85% below your loan approval limit. You are going to need room to negotiate up in a competitive market so leave yourself room. If you start at 100% of your ability and there are multiple offers on your dream home then you are knocked out in the first round. Your Realtor® is a seasoned professional and has the experience to help you get what you want BUT you have to be a powerful buyer so the Realtor® can do his/her mojo…so be powerful!
Author:Jennifer Martin BRE#00948442_01864461 Phone: 559-259-8153 Dated: August 4th 2014 Views: 341 About Jennifer: I’m Jennifer Martin, the Operating Principal and Broker of Keller Williams Westland Realty. For mo...
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"Jennifer held our hands through the process and kept us informed about what was happening. I asked thousands of questions and received great information. Jennifer was often available and worked with our busy schedule to help get things done. Even once we were in escrow, she was helpful with lots of recommendations for price estimates on the projects that the house needed even setting some of them up along with all the inspections. We are overjoyed to be the proud owners of a great new home and are so appreciative to Jennifer Martin for helping us find and buy that home!"