Buyers, Don't Despair!

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 by Dallice Tylee




Scenario #1
Mr and Mrs Buyer send me a list of search criteria and I send them the entire Boulder inventory that matches what they are looking for... on paper.
We pick a nice spring day and set out to visit said inventory, which is a total of about 5 homes.
After 3 nasty looking, poorly maintained homes, with questionable looking neighbors, Mr Buyer decides not to get out of the car any more.  His wife is asked to go in with me while he enjoys the temperature controlled massaging seats in the back of my Lexus!
Both husband and wife are fairly disgusted and disillusioned with offerings that their $600,000 will buy.

Scenario #2
Mr and Mrs Buyer are freshly back in the US after living abroad for several years.  They are very familiar with Boulder and have chosen it for quality of life reasons.
For 6 months they visit regularly and we set showings for anything that looks like it might match what they need.  I am getting a very good picture of their needs and feel that although it is not for sale right now, it will be, when the inventory levels rise in spring.
One early spring day, tired and frustrated, Mr Buyer looks at me and says "I think my spirit is broken".  Of course they are beginning to feel like the best homes come and go from the market while they are out of town and what is left, is just not worth the $800,000 they are willing to spend. Why wouldn't they?

Scenario #3
Mr and Mrs Buyer are newlyweds and start off super excited to be house hunting.  They become disgruntled after weeks of shopping and discovering that every time something looks 'worth a second look', it goes under contract before they have time to make a move.  They resent feeling pressured to make a decision involving almost $400,000 with only a moments notice... Understandably!

Yes... the market has changed.
While the Buyers of last year could take their time, make slow decisions and feel confident that a lower offer would be considered; The Buyers of 2012 don't have that luxury.

The frustration of low inventory and competitive bids is not going to go away over night. But with a little luck, a lot of experienced Realtor advice and kick-butt negotiation strategy, a Buyer can get the house they love, for a price that is reasonable.

Hang in there Buyers!
I do believe that in life and real estate, whenever one door closes, another one opens.

The right property is out there.  Get to know the market.  Prowl the internet, see homes match what you are looking for and in the area that you want to buy.

When you have a good grasp of what is available and what is a good deal, you will be well positioned to jump on "the one" quickly and competitively.

... In fact the Buyers in scenario #1 and #2 have both found the home they were looking for!  The Buyers in the second scenario successfully competed against another Buyer to get their dream home under contract AND still got it for well under list price and well under the appraised value.

Trust the system... Trust your Realtor.

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Realtors at Silver Fern provide the latest market information, straight forward advice and the highest standards of service. You can reach Dallice at (303)746-6765.
---Note: Our goal is to provide exceptional service to our clients. The ideas and strategies in this blog post are the opinion of the writer at the time of publication. Silver Fern Homes recommends careful and complete due diligence before buying or selling real estate or other investments. Consult with your professional advisers before making financial decisions. This article is not intended as legal, tax, or investment advice. Silver Fern Homes will not be held liable for investment choices derived from this article.