The Snohomish County housing market is hot right now. There are 3 Strategic Moves for Buyers in Snohomish County that will help buyer's get the house they want. If you are a buyer who has been making offers and not winning, you are probably frustrated at this point. While making offers that don't get accepted allows you to learn more about the market, it does not help you achieve your goal of buying a home. Here are 3 Strategic Moves for Buyers in Snohomish County.
Strategic Move for Buyers in Snohomish County #1 - Find Out What's Important To The Seller
The best way to win is to get the other person what they want. For example, a seller may be more willing to negotiate the price if what is really important to them is close within 30 days or less.
|Search Homes for Sale in Snohomish County||Homes With a Shop|
|Lake Stevens Under $300,000||$300,000 to $400,000||$400,000 to $500,000|
|Marysville Under $300,000||$300,000 to $400,000||$400,000 to $500,000|
|Snohomish Under $300,000||$300,000 to $400,000||$400,000 to $500,000|
How do you find out what is important to the seller? Have your agent ask the listing agent? The majority of the time the listing agent knows exactly what the seller wants and what is most important to them. The listing agent can let your agent know so that you can decide if you want to do that and how you will accomplish it.
Some things that could be important to sellers are: closing timeframe, the ability to stay in the home a few days after the closing, contingent upon them finding a new home, and more. Once you know this information, you can then decide how to move forward.
Strategic Move for Buyers in Snohomish County #2 - Make Your Financing A Smooth Process
The buyer's financing is the biggest unknown for a seller. Many seller's base their decision on whether or not to accept an offer based on the buyer's financing.
When you are purchasing with a mortgage, the best thing for you to do to re-assure the seller is to get pre-approved for a mortgage before you start looking for a home. Then when you make an offer, you can include the pre-approval with your offer so that the buyer has assurance that you will be able to finance the purchase.
Having worked with your mortgage broker prior to making an offer on a home, allows you to make an offer that is not contingent upon you getting approved for financing. The less contingencies you include with your offer, the more likely the seller with accept your offer.
Strategic Move for Buyers in Snohomish County #3 - Overpay For The Home
In a hot seller's market like we are experiencing in Snohomish County, houses are selling for more than the list price. This is because the market is continuing to grow and we are in a seller's market. There is not enough inventory for the buyer's who are looking to purchase a home.
When this happens, buyer's who have lost out previously on other houses will make an offer that is above the list price. Some of these buyers do not want to get involved in a bidding war, and instead will start out by offering more than the list price for the home.
Buyer's do this because they want to purchase a home and do not want to continue to get their offers denied.
It's not always the best thing to pay more than what the house is listed for, especially if you feel you may regret it in the future. If you are do not believe the home is worth more than the asking price, and know that you will not be happy in the future, then don't offer more than the list price.
On the other hand, if you are tired of making offers and just want to buy a home, then offering more than the list price may get you the home of your dreams.
These are just 3 Strategic Moves for Buyers in Snohomish County. Contact me to learn more about the Snohomish County housing market and how to buy the home of your dreams.
Keller Williams NWRE LLC
PS - Want to schedule time with me? Click Here to schedule an appointment based on your availability.