Today’s Homebuyer Must Show Patience And Persistence

Housing inventory in the Southern California region is at a 3 year low. Today’s homebuyer needs to adapt a more aggressive buying strategy, continually previewing available houses for sale and consistently submitting offers. These offers should be your highest and best, based on current market value and not the listed price. It is also recommended the buyer avoids asking for any seller’s concessions such as repairs, closing costs, or home warranty. In today’s market of multiple offers, conventional loans or all cash offers are generally considered stronger than VA or FHA loans when negotiating with the bank. This creates a much larger out of pocket expense to the homebuyer and a faster closing time for the bank. Making your offers as seller friendly as possible will only enhance your opportunity to having it accepted.