gain ultimate negotiating power and can be much more selective about which home they choose to purchase in the end.
YOUR POWER IN A SELLER'S MARKET
Things get a bit trickier in a seller’s market, in which there are more people searching for homes than there are homes available for sale. This type of housing market is generally more favorable to sellers, as they tend to receive multiple offers, sometimes above their asking price, and buyers can end up in bidding wars. But this doesn’t have to work to your disadvantage. There are many tips and tricks you can use to not only find the home you want, but get a great deal on it, too. One of the key tricks to holding the upper hand in a seller’s market is knowing the best times to buy; this process will be covered more in-depth in Chapter 3. Another must-have when buying a home in a seller’s market is hiring a real estate agent to guide you through every step and stage of the home-buying process. You’ll want to hire a professional who knows the ins and outs of buying a home, someone who knows how to negotiate well on your behalf, and someone who has access to properties and property details before they even hit the market. This alone could be the ticket to getting you the home you want at a price you can afford.
BE INFORMED
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