Navigate a Boston Seller's Market

The real estate market fluctuates often, making it tough to predict whether the market will favor buyers or sellers when it’s your turn to buy. Boston homebuyers may find themselves in a seller’s market as there isn’t a large inventory of homes to choose from. Buyers in a seller’s market can get what they want, but they need to bring their “A” game. Here are some must-do’s for any Boston homebuyer in a seller’s market. 
 
Make your best offer. Offering lower than asking price is a perfectly reasonable strategy in some instances, such as if the house is overpriced compared with other similar homes in the area, or if it’s a buyer’s market with lots of available inventory. But trying to get a deal when you are in a seller’s market might not be the best idea. When competition is fierce it’s best to come in with a strong offer instead of putting in a low ball offer.

Don’t wait too long. Once you’ve determined the type of home you want, the neighborhood you need, and your price range, and then finally find a home that meets your qualifications, make an offer. 
 
Work with a real estate agent. Save time and stress and work with a seasoned agent. If you have a Boston real estate agent on your side, you’ll probably have a better chance of getting the home you want. 
 
Get a pre-approval. The only way to prove to the seller that you’re a qualified buyer is to get a pre-approval from a Boston mortgage lender. Not sure what you need to get a pre-approval? Check out my recent blog post that has all the how-to’s of getting a pre-approval with a mortgage lender. 
 
When you are ready to sell your Boston home, contact a Boston real estate agent. I am committed to providing you with the highest quality service. You deserve to have all the latest market information and the very best advice, both of which I can provide you with. I hope to speak with you soon! 
 

Lucas Garofalo

Keller Williams Realty

(617) 861-3631

Lucas@LucasBostonHomes.com

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