The current seller’s market makes things difficult for home buyers. Everyone wants a great deal, but experts advise that this is not the time to try lowball buying tactics. In addition, while it’s often good for buyers to ask for inspection contingencies, this isn’t the right market to go too far with them. Another mistake is trying to go without a realtor in order to save money. Buyers also need to be prepared. By getting all of their documents in order, buyers will be ready to act quickly. In a seller’s market, buyers need to be accommodating rather than inflexible. For all of these issues, however, home buyers should never get discouraged.
- Buying a home in a seller’s market can be challenging. It is not the time to lowball and try to create a “deal.”
- Instead, adhere strictly to your agent’s good advice. Present your deal as she suggests, to have it stand out.
- Never try to save money by acting without an agent. For one thing, agents have access to information that buyers do not.
“These are some of the biggest mistakes that homebuyers make in a seller’s market.”