In today's rapidly changing real estate market, buyers are just now beginning to jump off "the fence". It's been way too long and the wait seems to be over! Now that the Northern New Jersey real estate market has started to stabilize, inventory should start moving quicker than the previous two years. The serious buyer ready to move in todays market realizes that with mortgage rates rising slowly but surely and homes that are priced to market value are selling fast, the spring market is quickly upon us! What does that mean for the rest of the buyers out there? It means that maybe what you're looking for doesn't exist? Or maybe what you're waiting for will quickly pass you by in the blink of an eye? Sellers are finally getting it and seeing that there's a tremendous amount of opportunity out there if you know what you want. There's hundreds of reasons why homes are quickly going on and coming off the market but the truth is that the buyer pool is always the same and renting just doesnt make a lot of sense for most these days.
The moral of the story is:
If you are a serious buyer working with an experienced, full time buyers agent who you can trust, you should have 100% confidence that he/she will negotiate a price for you that is at least market value or hopefully better, get you to the closing table with out a glitch and honestly refer that agent to everyone you know, you have a great shot at having a long time professional on your side!
If that's NOT how you feel about your agent, FIRE them and find a good agent FAST!
Buyers should understand, home purchases are for most the biggest transactions of their lives and this IS a business transaction, so be very careful about letting your emotions take over and who you choose to represent you could make or break the deal of your life!
Good luck and happy house hunting,
~OSH
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