Buying Your Home In A Buyers Market (edit/delete)
THE ART OF THE DEAL:
TIPS FROM ANDY RAFFLE
Buying Your Home In A Buyers Market
Different markets require different strategies both for Sellers and Buyers of Real Estate. Shedding the ideas of the past and embracing current, proven strategies will allow you to stand out from the crowd and buy the best home for the least price.
Don't Try To Time The Market: When home prices are lower, ir can be very tempting for potential Buyer's to wait as long as possible, waiting for the perfect opportunity to buy the home of their choice. This strategy often proves to be fruitless as; by the time we recognize the bottom of the market, it has already passed. When we find a home that meets your criteria and it is priced well, it is time ot make an offer. The lesson is that, even in a Buyer's market, well priced homes will sell.
Take Your Time...To A Degree: Each market is unique but it is without question that less homes are selling in the Bucks County Market this year. Buyer's have the ability to be diligent and consider carefully before making an offer but, procrastination will cause the home you want to be bought by somebody else. Once again, keep in mind that, even in a Buyer's market, well priced homes will sell.
Don't Expect To Steal A Home: With the amount of information available to Buyer's and Seller's today, it is very unusual for homes to sell at significant discount or premium to the value of the property. Just as it is important for Sellers to price homes realistically, it is important for Buyer's to understand that their offers must have some relationship to the VALUE of the home.
Know The Value Of What You're Trying To Buy: Related to the above suggestion, know what a home is worth BEFORE making an offer. Too often I hear Buyer's who want to make an offer that is 10% below the asking price, even though the home is priced at either 20% above it's value or 5% above it's value. Asking price is no indication of anything other than a Selelr's desire for a certain amount. if a home is WORTH $300,000 and it is listed at $350,000, it does not help you to offer 10% below listed price ($315,000), because you're still paying too much. If the same home is listed for $290,000 and worth $300,000, making an even lower offer may preclude you from buying a well priced home. Negotiate hard but, be realistic.
Negotiate The Options: Sometimes it makes sense to pay the Seller what they're asking for and do your negotiations on some other items. such as new carpets, renovating a kitchen or bathroom or some other item that may not be indicated as part of the listed home but, that you'd like to have done. Remember, we're talking about a Buyer's market and you can certainly negotiate strongly.
I hope oyu found this and some of my other tips helpful. If you have any questions or if I can help in any way, please contact me. I'm available to help you Buy or Sell in Pennsylvania and New Jersey and my referral network allows me to help you move ANYWHERE IN THE WORLD. Please explore my fully interactive Real Estate website, where you can search thousands of properties, read my real estate articles, my Bucks County Blog, sign up for my email newsletter and find other useful information.
Andy Raffle
www.AskAndyRaffle.com
Coldwell Banker Hearthside. Realtors
Yardley, PA 215.493.9080
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Let me tell you why I came to love Bucks County, and think you will too:
Affordable housing for New Yorkers... in Bucks County Pennsylvania
Presented by Andy Raffle, Licensed Real Estate Salesperson
CONTACT INFORMATION
Andy Raffle
Coldwell Banker Hearthside, Realtors
mobile 215.917.3937
office 215.321.2378 x130
See my fully interactive website. Search for thousands of properties and find a wealth of Real Estate information.
Why Bucks County?
Let me tell you why I came to love Bucks County, and think you will too:
Award winning schools Our schools are not only among the best in the state but, they are among the best in the country. Top flight facilities, administrators and teachers who care and involved parents make our public schools an ideal place for young people to get an education.
Open Space Bucks County has spent the last 10 years preserving every bit of farmland that can be preserved. This land is saved as open space and working farms, allowing our farmers to stay on their property, working their land and providing quality fresh produce to the areas residents while still enjoying some payoff for the accumulated value of their land. This is how we beat the developers to the punch and control sprawl and traffic congestion.
Recreation Whether it's horseback riding at our many local stables, drowning worms in the Delaware River or one of the many lakes and streams stocked with trout and native fish, tubing down the Delaware on a lazy afternoon- where tubing was invented - or hiking through our beautiful parkland, there is something for everyone. Skiing is within an hours drive, boating on the river is loved by many and, of course, you can always spend a day picking, peaches, apples, strawberries or anything else your heart desires.
History 1776 was here. Bucks County is the home of Washington Crossing, PA. The spot of the famous Christmas night crossing of the Delaware that is seen by many as the final victory of the Revolutionary war. George Washington certainily did sleep here and many of the landmarks still stand and are available for touring, including the annual Christmas Day crossing reenactment. If you prefer, I can always show you some beautiful newer homes in Washington Crossing. It's a great place to call home.
Culture Live theater and art right here in New Hope, 30 minutes to Philadelphia, 30 minutes to Princeton and an hour on the train to New York, you're never out of reach of whatever it is your heart desires. Museums, theater, concerts are all easily accessable. You say you like antiquing? This is the place!
These are just some of the reasons that "I Love Bucks County". Come see for yourself everything that this beautiful area has to offer to you and your family. Bucks County PA is a fabulous place to live and raise your family. Give me a call. Let me know when you'd like to pay us a visit and I'll be happy to show you around town. I'm confident you'll be as taken as I am with the beauty of Bucks County.
