Don't Think About It Too Long!

The housing market is improving! While it is getting better for sellers, it is still a wonderful time to buy. Low interest rates and great home prices are making it a win-win for both sides of a transaction. Some sellers are seeing multiple offers, and are receiving those offers with in hours or just a few days of their home going on the market.

But what does this mean for buyers? Buyers need to be ready, willing and able to buy. If as a buyer you really like a home and want to think about it until the next day, keep in mind there is a chance another buyer thought the same thing yesterday and are sitting with their agent writing an offer at the same time you are viewing the property.

When you do write the offer remember that there is competition in the market place, so now is not the time to low ball a seller to see if they will take it. Before the recovery began, sellers might look at the offer and try and negotiate it. Since the recovery began, I have seen sellers reject an offer because they know the number of showings they've had and the number of people who indicated they have interest. Sellers are feeling better about the market and are willing to take that chance and reject an offer they don't feel is strong or serious.

Your agent can help you determine a fair price, by providing you recent sales data for comparable homes in the area.

If you are thinking of buying/selling in the central Indiana area feel free to contact me for more information.

Dawn Whalen, Realtor, GRI, CDPE
RE/MAX Select
dawnwhalen@remax.net
www.dawnwhalen.com
317-807-1568