There are dozens of ways to find a good deal on a property. These are the 5 best tactics and opportunities I'm seeing have success in this market.
Aged Listings
Properties listed for over 60 days might present hidden value due to initial overpricing or the need for updates.
Motivated Sellers
Sellers facing life changes often offer favorable deals. Identifying such opportunities can be beneficial.
New Homes
Some builders provide unique incentives, making new homes an attractive option.
Off Market Deals
Accessing properties before they hit the market can lead to advantageous negotiations.
Less Competition
The current market dynamics, with fewer buyers, might open up more negotiation space.
Structuring a Deal
There are countless ways to structure a real estate deal. These are 5 of the top factors you should consider in 2024.
Offer Price
It's crucial to base your offer on the property's market value and existing competition.
Seller Credits
Negotiating for seller credits can be an effective way to reduce closing costs.
Protect Yourself
Including contingencies in your offer is essential for a risk-free process.
Optimize your offer
Submitting a clean offer with solid loan approval can be advantageous during negotiations.
Financing
Pre-Approval: Essential for determining your loan amount and monthly payment.
Loan Program: Choosing the right loan program affects the overall cost.
Interest Rate Buydowns: Both permanent and temporary buydowns can reduce monthly payments.
Creative Financing: Options like seller financing and assumable loans offer alternative pathways
Here's where it gets good...
A Real Estate Plan Customized to You
Knowing this information can literally save you tens if not hundreds of thousands of dollars when you go to buy a home. But what really brings these to life is when you customize all of this to your specific situation.
The vision of the Starling Davis Team is to be a leader in the real estate industry and to provide all clients with highly professional experience and service giving the added value of true personal touch.
