Advice for Buyers in a Seller’s Market

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The market may currently favor sellers, but that does not mean buyers are out of luck. It just means you have to be strategic and flexible. Here’s how you can succeed as a buyer even in a seller’s market.

Make Your Best Offer First

Save the lowball offers for when you have more options, because they will not fly in a seller’s market. Houses move fast and less impressive offers are overlooked. Lead with your best offer.

Be Prepared to Negotiate

But even in a seller’s market, your best offer might not be the winning bid. Prepare to potentially escalate your offer to beat out the competition – especially if you are sold on the house.   

Bring the Cash

Want to establish yourself as a serious contender? Offer more cash than the other buyers and you are likely to catch the seller’s eye. It is also a great good faith gesture.

Non-Price Perks

Home prices can soar in a seller’s market, which can lead to complications during the appraisal process. The appraisal may not value the home at the asking price, causing the buyer’s lending institution to not fulfill the loan. That is why non-price perks could clinch you the deal. Even something as simple as being flexible with closing dates and other deadlines can make a difference.

This is good starting advice for buyers in a seller’s market, but Watson stands ready to help you even further. 


Contact your local Watson Realty Corp. Real Estate Agent for more information. 

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