After months of heavily favoring sellers, the housing market is finally shifting to some semblance of balance – not because inventory isn’t still tight (it most certainly is), but because high rates, economic concerns and seasonal selling trends have increased supply and decreased demand. And while it’s still not a buyer’s market –it’s definitely a buyer’s opportunity – but ONLY in the hands of a skilled agent.
On this episode of Open House, Reba and Eric go on a housing market expedition, scouting out the new terrain and pointing out the lurking dangers, enabling the intrepid home-hunter to bag the big prize without landing in financial quicksand, or getting unintentionally mauled by the dreaded ignoramus realestateagentus (AKA: the ‘clueless agent’).
You’ll come away with a net full of game-changing nuggets for your real estate safari, like:
· The circumstances governing seller’s disclosure forms – and the critical role these documents play in both the buying and selling side of a transaction.
· What physically happens to a home left vacant for a year – and how that disclosure can shift negotiations in the buyer’s favor.
· How the benefits of a buyer-paid inspection and sewerscope can far outweigh their expenses come closing.
· The tools available for a buyer to ‘cash in their chips’ (ie, leverage their negotiation points) at the end of the transaction.
· What a 35R form is, and how it can move mountains in the hands of a savvy agent or blow up the deal in the hands of a hapless one.
· Important questions to assess the skill level of your agent in handling a ticklish transaction.
· Innovative programs for avoiding contingencies and beating out cash offers on hot homes.
Plus, Eric shares his tips for dealing with incompetent agents, and Reba uses a current deal to illustrate pro-tips on purchasing property through an estate sale.
Yes, buyer’s opportunity is knocking – but only if you’re working with a skilled agent. Avoid buyer’s remorse (and agent remorse) by tuning in to this episode of Open House with Team Reba.
Huzzah!