If you’re struggling to buy a home in Boston Metro right now, what you’re experiencing might be the most difficult market that I’ve ever seen in my career: a hypercompetitive market. That’s why today, I’m going to give you three expert advice to buy a home successfully:
1. How to win a bidding war. If you’re going after new-to-market properties, you’ll probably run into bidding wars. To win, you generally have to bid 10% over the asking price. Moreover, we’re not seeing a lot of buyers win bidding wars with inspection contingencies. This means you’re either going to need to waive your home inspection, conduct a pre-inspection, or bring a home inspector to check the home before you even make an offer.
2. Target properties sitting on the market. If you don’t want to participate in bidding wars, you can also look for homes that have been sitting on the market for a long time. Overpriced homes typically take longer to sell, and the owner may consider negotiating the price just to get the property off the market.
3. Consider off-market properties. Another strategy is to pursue off-market opportunities. You can send letters to homeowners in the zip codes where you’re interested. By doing this, you may find homeowners who haven’t listed their homes yet and are interested in a private sale. To make things easier, asking a reliable real estate agent will be in your best interest. Real estate agents have a wide network that makes it easier to find off-market properties.
If you want to discuss any of these options, please feel free to reach out to me for a consultation. Just call 857-210-9925 or email lou@c21revolution.com. I’d love to help you find you a great home before the end of the year. I look forward to partnering with you!
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