In many real estate markets homes are being purchased in a very small amount of time. This means that the sellers have the advantage as there aren’t as many homes to choose from for buyers. For sellers, this is good news. However, it is still important to understand how to navigate the market. As a buyer, understanding a seller’s market will increase the chances of getting that dream home. Enjoy some of the following finer points of a seller’s market from professional Channahon IL real estate agent Jeff Gregory.
Selling in a Seller’s Market
If you prepare your home well by tending to any repairs, de-cluttering, and staging you should be in good shape to list your home in a seller’s market. When you do, it is important to make the most of your first offer. As a Channahon IL Realtor, one observation of how to do this is to be on top of any negative aspects of your home that might be discovered. In other words, if the roof needs some work, it is better to admit it than to hope that the buyer doesn’t notice. Once defects are discovered, the chances of the deal falling through increases. Once this happens, your home can become less appealing to other buyers and you might have to lower your price. Helping sellers get the most out of the market is imperative as a real estate agent in Channahon IL.
Another helpful bit of information for sellers in a market that favors them is to make the most of the competition. By pricing your home well and utilizing several avenues to market your home you will attract a number of buyers. In this scenario, the competition between them can work in your favor. Let your real estate agent handle negotiating between multiple offers. For help selling your home in or around Channahon IL, contact Channahon IL REALTOR Jeff Gregory.
Buying in a Seller’s Market
Buying a new home in a seller’s market can be challenging. For the best results, be ready to move quickly. Plan out exactly what you are looking for in a new home and the surrounding area. When you find a home you like, go through your checklist to see if it measures up. If so, work with your real estate agent to put in a reasonable offer quickly. As a Channahon IL real estate agent working with buyers, it is imperative to stress the importance of telling sellers that you are a serious buyer.
Another word of advice from an experienced Channahon IL REALTOR is to expect to miss out on a few homes. In a seller’s market, it just happens. The more homes you explore, the better a feel you will get for the market. For help finding your next home contact Channahon IL Realtor Jeff Gregory today!