Buyers and Sellers: 3 Tips You MUST Hear Before You Start

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After a very explosive 2012, here we are on the cusp of what will likely be an equally, if not more, active real estate year ahead. With all that is happening, however, it is critical that you get an edge in today’s market. That’s why we have put together three tips for buyers and three tips for sellers so that you can come out on top with your real estate aspirations.

Sellers Enjoying a Strong Market
When demand is high, inventory is low and with prices beginning to slide upward, sellers enjoy the unique position of being able to drive even higher prices as multiple offers start pouring in. Particularly for homes that are in great condition, are priced well and in a great location – sellers continue to achieve at or above asking price on their homes.

SEIZE THE OPPORTUNITY OF TODAY’S CAPTIVE AUDIENCE
With inventory levels as low as they are, we know that most sellers will be getting ample attention for their home. The key is to price it right so that those prospective buyers end up making it to the closing table.

PRICE IT RIGHT AND STAGE IT TO PERFECTION
In a world where things are so fast-paced, buyers certainly don’t want to wait more than they have to. If they walk into a home that is not staged right and priced right, they will simple move on to the next house. Be sure to de-clutter and clean your space and listen to your Realtor’s® advice about price.

STAY ON TOP TO GET TOP DOLLAR
It’s important to stay on top of the market and your home if you want to achieve top dollar. The homeowners that don’t heed advice such as the tips above, almost always end up with a home that takes much longer to sell and sells for less than asking price.

Buyers Continue To Reap Benefits of Low Interest Rates
Now that the Fiscal Cliff situation is resolved and things seem to be under control, many buyers are jumping off the fence and getting back into the swing of buying a house. The low level of available homes however makes for a very challenging market for some buyers, which is why it is essential for buyers to know and understand the marketplace.

BE READY FOR A RACE
With this low inventory comes a race to be reckoned with. Great homes that are priced well will be the first to go – so if you find a home you fall in love with, it’s important to be prepared to make decisions fairly quickly. Otherwise you stand the risk of losing the house to another bidder.

KNOW YOUR FINANCES
Sellers know that in a market where they have the upper hand, they can require a preapproval letter in order to accept a bid on a home. Not only that, buyers that have not obtained a preapproval can further delay the process. With a preapproval, not only will you know what your budget is but also you will have started the process and will have the edge of getting a head start once you do make an offer on your dream home.

CHOOSE A REALTOR® WISELY
Most people know that it doesn’t cost a buyer anything to use the services of a real estate agent. It is very important to choose wisely so you will want to interview agents carefully. You want to make sure you make a connection, decide who you are comfortable with and check to see that they are accessible and on top of the market.
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We’d love to assist you with your buying, selling and investment needs. We invite you to contact us today for a customized consultation on how we can make your real estate dreams become a reality!