In most real estate markets across the country, it is a seller’s market. That means there are more home buyers looking for homes than homes available for purchase. If you are looking for Delray Beach real estate, be prepared. This could definitely be the case.
Delray Beach Real Estate
Living in Delray Beach real estate is highly covetous. The area is a great place to retire to after a long day at work or after a lifetime of hustle and bustle.
Looking for places to buy in town may not be the easiest thing to do since people who buy Delray Beach real estate typically make it a permanent stay. Recently, the town has begun expanding west and there have been some new construction options becoming available, but those too are being quickly scooped up.
Finding Delray Beach Real Estate
Home listings for Delray Beach homes for sale are easily accessible online and that is a great starting point for would-be buyers.
Once a few properties have made it onto your short list, it is time to bring in the expertise of a Berkshire Hathaway HomeServices Florida Realty sale professional. With an experienced realtor by your side, you’ll have a better advantage. Knowledge of the current market and neighborhoods, as well as negotiation experience, can help you get from offer to closing to ensure you end up with a successful purchase instead of one where the deal falls apart.
How to Get the Best Deal
As you dive into the Delray Beach real estate market, keep in these 6 negotiating tips to help you get the best deal.
1) Get a Mortgage Preapproval: An offer is much more persuasive when your finances are in order ahead of time.
2) Bid on the Home Value: Forget the list price. The true value of a home can be found in the neighborhood’s most recent sales. This is where your realtor can assist by completing a market analysis that will help you with the right offer.
3) Move Fast: In today’s marketplace, if you see a property you like, you need to move on it fast. It’s competitive. Make your first offer your best offer.
4) Ask with No Expectations: Repairs and other concessions are definitely worth asking for, but in a tight market, you may not get it. Real estate experts recommend making these requests once you are in escrow and to ask for it all because the less you ask for, the less you’ll receive. By asking for everything, you give the seller the opportunity to refuse some things while still conceding others to you.
5) Get to Know the Seller: The more you know about the situation the seller is in, the better. This helps you strategize. This will give you the confidence you need to make the right bid.
6) Terms Just as Important: Don’t just focus on the price, you also need to look closely at the terms of the agreement. If at all possible you want to accommodate the seller as much as you can. This can be the difference between winning the home from other likely bidders.
Taking into consideration the state of the real estate market, it is best to enter into negotiations prepared to compromise. You will be a step ahead.