Shopping for a good home deal

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Everyone wants a good deal. But, good deals are few and far between in the many low-inventory markets around the country. Recently a couple was trying to buy a starter home in El Cerrito, a hot housing market in the San Francisco Bay area. They lost out over and over again in multiple offer competitions. So they decided to try a new strategy. Rather than continue making offers on hot new listings in their price range, they made an offer on an over-priced listing that had been on the market awhile and hadn't sold. The seller had lowered the list price just as the buyers made their offer. The buyers had no competition and were successful in buying the property. Their good fortune was that they were the first to hear that the seller was willing to accept less than his list price. HOUSE HUNTING TIP: If you're having troubles finding a home to buy–or a home to buy at the right price–consider listings that aren't drawing a lot of attention from other buyers. Well-located li...