As of this writing, you as a prospective buyer are very squarely in a buyer’s market. What this means is that there is an abundance of inventory on the market, some of which is composed of sellers who WANT to sell, some is composed of sellers who NEED to sell, and some is composed of sellers who HAVE to sell. It will be your and your real estate professional’s job to find a seller who falls in one of the two latter camps. And with such an abundance of inventory in the marketplace, you have the luxury of being in a position to be somewhat selective about what you’re looking at without feeling like you must put in an offer TODAY or lose out on the home you’ve found that you know you could love.
However, there are still many examples where homes are moving quickly and, while a buyer can be aggressive on the offer, he needs to get in an offer to get the negotiation process with the seller underway. Sometimes in this market what happens is buyers act only when they have to as in the case where a home will sit on the market for many weeks or months, and will begin to receive a flurry of offers only once someone else makes an offer on it.
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