Monday, October 3, 2016

How to Buy Homes for Sale within a Highly Competitive Buyer's Market

When you are ready to buy one of the homes for sale in southern New Hampshire, you might be surprised that listings go into contract within days of being put on the market. Your exclusive buyer's agent can help you to get an edge on the field of other buyers when you find a home you really want.

Consider these three ways in which your exclusive buyer's agent can help you to succeed in a competitive buyer's market.

Rapid Communication

As soon as a listing comes in that meets your specifications for size, location and style, your exclusive buyer's agent can let you know about it. The exclusive buyer's agent can communicate with the sellers to express your interest. He or she can also help you set up a private showing as soon as possible.

Making an Offer

You may be able to work out with your exclusive buyer's agent to have him or her make an offer on your behalf, even before seeing the home. If you are sure of what you want, being able to get your bid in first helps give you an edge over the other buyers.

Your exclusive buyer's agent can also provide the sellers with copies of your important documents, such as your mortgage pre-approval letter.

Developing a Negotiation Strategy

Your exclusive buyer's agent can help you to develop a negotiation strategy for the great homes for sale. For example, you could have an escalation clause that would help you top another buyer's bid. You can have a cap put on your clause to protect your financial interests so you do not end up paying more than you can afford.


Buyers Guide: How to Beat the Competition in a Hot Housing Market

How to Buy a Home in a Competitive Real Estate Market

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