Biggest Mistakes Buyers Make in a Hot Seller’s Market

By
Real Estate Agent with Ventana Coastal Properties - www.FindCARealEstate.com

Home Buyer Keys to SuccessIn the current seller’s market that exists in many parts of the country, buyers need to perform near perfectly to attain the home of their dreams. In South Orange County where I am a real estate broker, many of the best new listings that come to market are receiving multiple offers . . . and in just a few days on the market. So what can you do as a buyer to enhance your odds of getting your offer accepted?

 

1)      Get Serious and Work with a Buyer’s Agent – while this sounds like a given, many buyers are casually looking and only get serious when they see a home on the internet and start their quest to buy that home from whatever agent they can find. By the time they get mobilized the home is gone!

 

2)      Get Ready to Buy – be sure to get prequalified or better yet preapproved for your loan. This eliminates any surprises and demonstrates to sellers that you are serious, qualified, and able to close. Have your proof of funds ready to show which is often required in California.

 

3)      Operate with a Sense of Urgency – have your agent set you up a new listings alert and when a hot property comes to market moving quickly is extremely important. If a listing comes to market on a Wednesday, waiting until Saturday to see it because you want to watch the Olympics is a bad tactic. Always assume that other interested buyers are seeing the home on day 1 and making an offer on day 1!

 

4)      Make Clean Offers – offers that are not clean result in delays – delays results in more buyer offers – multiple offers drive prices up and probability of getting your dream home down. If there is something specific that the seller is looking for in your offer do everything possible to accommodate it.

Clean Home = Clean Offers

 

 

The competition to buy homes is very high as a result of low inventories and low interest rates. By avoiding these types of mistakes that other buyers are making, you greatly enhance your chances of becoming a new home owner in the near future! If you are looking to buy a home in Orange County or real estate in San Juan Capistrano I would welcome the opportunity to work with you.

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David Grbich | Broker - REALTOR® | 949-500-0484

DRE #01708749

 

 Please visit my website www.FindCARealEstate.com to Search Orange County Homes for Sale

 

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San Juan Capistrano Real Estate | San Juan Capistrano Homes

David Grbich is the Broker Owner of Ventana Coastal Properties, a leading real estate brokerage serving the needs of Orange County buyers and sellers. Orange County real estate experts serving Aliso Viejo, Costa Mesa, Coto De Caza, Dana Point, Huntington Beach, Irvine, Ladera Ranch, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Mission Viejo, Newport Beach, Newport Coast, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Talega, Tustin and surrounding areas.

 

 CDPE - Orange County Short Sale Agent

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Re-Bloggged 7 times:

Re-Blogged By Re-Blogged At
  1. Chuck Carstensen 08/12/2012 05:43 AM
  2. Amanda S. Davidson 08/12/2012 06:32 AM
  3. Julie Baldino 08/12/2012 08:43 AM
  4. Leslie De Luca 08/12/2012 09:59 AM
  5. Gene Riemenschneider 08/15/2012 01:45 PM
  6. Gabe Sanders 08/20/2012 04:02 AM
  7. Winston Heverly 12/31/2012 07:46 AM
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Topic:
Real Estate Best Practices
Location:
California Orange County
Tags:
buying a home
home buyer tips

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Rainmaker
1,166,200
Gene Riemenschneider
Turning Houses into Homes
Home Point Real Estate

These are really great tips.  Clean offers are very important.  Buying a home is hard work.  Waiting till it slows down means waiting till prices go up.

August 14, 2012 02:10 PM
Rainmaker
306,876
Jon Quist
Tucson's BUYERS ONLY Realtor since 1996
LONG REALTY

Excellent advice for prospective buyers. Now if we could only find some more inventory.

August 15, 2012 07:30 AM
Rainer
21,391
Lou Zandy
WeLoveMarcoIsland.com

David,

snooze you lose....  great tips.... be prepared and available

thanks for sharing

Lou

August 15, 2012 01:14 PM
Ambassador
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John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

A good clean offer is always more appealing.   The second note is if you find a home you really want you better show some urgency.  I had clients loose two homes last week to accepted offers due to their lack of urgency.  Big sigh here....

August 15, 2012 02:46 PM
Rainmaker
337,886
Debbie Cook
Silver Spring and Takoma Park Maryland Real Estate
Long & Foster Real Estate, Inc

You must be serious, quick, prepared and over-ready.  Timely post for me, as the market here in Silver Spring and Takoma Park, Maryland has low inventory and multiple offers everywhere.

August 17, 2012 11:00 AM
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David Grbich

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Additional Information

David Grbich is the Broker Owner of Ventana Coastal Properties serving the needs of buyers and sellers in Orange County, CA. David is Ranked #1 Agent in the San Juan Capistrano area per ActiveRain.

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