How Low Can You Go: Gauging A Home Seller's Desperation
Posted on: 27 February 2017
If you are in the market for real estate in your area and a bargain, and who isn't, knowing certain
1. Listing buzzwords. You can tell a lot by looking at the narrative section of a home's listing. Forget those slick real estate magazines; they seldom have room for the information you are seeking. Instead, look at the internet listing of the home, where the real estate agent has room to display the info you seek. While you likely won't see outright, obvious
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2. Agent insider information. Your agent's and the seller's agent's level of communication can play a huge part in getting a bargain. Often, the seller's agent will pass along critical information like the seller's upcoming divorce, the fact that the seller has already bought another home and is eager to sell the current one, and more.
3. Timing is everything. Spring and summer are the times of
4. The property is off and on again. You can (and should) take note of how long a property has been on the market, and many multiple listing service entries contain that information and more. If a home was taken off the market for a brief period of time, such as for a few months, it may have been in escrow for a buyer's contingency offer. If that sale fell through, placing the home back on the market, you may find a seller very frustrated and motivated.
5. The home is empty. Homes, even ones where the seller has already moved out, are often showplaces of decorating wizardry using staging. Vacant homes, however, can indicate sellers who just want to get rid of the home as quickly and effortlessly as possible. Homes with
Be sure to discuss these signs of seller motivation with your real estate agent.
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