Today’s home buyer is concerned with a variety of things: good neighborhoods, good schools, employment opportunities, quality recreation – but overriding everything are the questions, “Should I buy now. Have prices bottomed out? Will the price be lowered later? Should I rent? Watchful waiting is a solution for prostate cancer…maybe it’s the solution here as well?”
As a Realtor we have seen the https://boss45.net/ pendulum swing from the Seller’s side of the table way over to the Buyer’s side.
It wasn’t so many years ago that you’d come to Bellingham, Washington looking to purchase that home of your dreams & we’d drive down any street in Bellingham (or Whatcom County for that matter) & what we’d see were “Sale Pending” signs. We’d write an offer on the perfect Bellingham home that just came on the market only to find that there were 4 offers in front of us & the doggone Seller wasn’t even going to look at the offers until the following week.
In order to compete in this arena we’d virtually be forced to write our offer for more than full price, waive the financing & inspection contingencies, give the Seller everything he could possibly want only to get a response back from the Seller telling us that it still wasn’t good enough (more than full price is not good enough?.) We’d be told to re-submit the “Best Offer” we could write & he would make his choice. The problem was that the Buyer was really forced to dance to the Seller’s tune because there was little inventory, his wife & family were living out of a suitcase in the Holiday Inn & his moving truck was 2 days out of town.