Buying in a Falling Market
Profiting From Falling Home Prices
Buying When Home Prices Fall
If you are a buyer, that's fabulous news! In a falling real estate market, you're in the driver's seat. You call the shots. When you say "jump," sellers ask "how high?" Sellers bow down before you and strew rose petals at your feet. You can make out like a champ if you negotiate like a chess wizard, and here are strategies to help you capitalize on a softened market.
- Buying in a Down Market
How to figure out if it makes financial sense for you to buy when prices are falling. If prices haven't hit bottom yet, how do you know where the bottom is likely to rest? Here are tips for picking that sweet spot in the market to take advantage of falling prices.
- When Is the Best Time to Buy?
If you could pick a day, any day of the year in a softening market, which day would you choose? Which makes the most sense and gives you the best advantage? Some days of the week and certain months give buyers an advantage.
- Homeshopping Tips for Serious Home Buyers
Just because home prices are falling doesn't mean you don't have to watch out for every dime you spend. Every dollar you can put into your pocket should mean more money for you when the time comes to move up. But everybody has to start somewhere.
- Buying Homes That Others Pass By
In depressed markets, it's not unusual for some sellers to price their home too high. If you spot a home that's been languishing on the market, it might warrant a second look. Here's how to tell whether that overpriced home is worth taking a second look.
- Avoid These Three Major Home Buying Mistakes
When you find that perfect home to buy, it's easy to fall victim to any of these three mistakes in the excitement of the purchase. Here's how to protect yourself and your financial future. You will learn how to avoid making the same mistakes that many other buyers have yet to discover.
- Writing Winning Buyer's Offers
How to ask for everything but the kitchen sink and get it! In a buyer's market, applying specific buyer's market strategy and carefully analyzing each situation before writing an offer will definitely work to your advantage. Here are tips for making your offer stand out from the competition of investors and other potential homebuyers.
- Signing Buyer's Broker Agreements
A buying agent can make or break your deal. Before you sign an agreement, understand what you are signing and ask for clarification if you have questions. This article answers a few of the most commonly asked questions and a few others that might not have occurred to you.
- Why Title Insurance Policies Are Your Friend
In a down market, you have the power to make the seller clear liens, pay off assessments and deliver absolutely clear title, without question. A title policy gives you the power to demand that protection and it provides a simple explanation of the type of liens, encumbrances, and easements recorded against the property.
At the time of writing, Elizabeth Weintraub, CalBRE #00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.