Buying A Home In A Market That Is Saturated With Short Sales - Vancouver Wa Real Estate
In a normal market, our Free MLS Search Tools work perfectly. Anyone can log and check out the latest listings with minimal delay. Or system - www.Elite-MLS.com works great and gives everyone in the Vancouver Wa area a safe and secure way to search the net for homes.
Recently, there have been a few issues in our market that have given our clients trouble. Our Free MLS Search tool for the Vancouver Wa area doesn't allow people to see if the homes that they are looking at are short sales. Combine that with the fact that many agents who have short sale listings don't have a clue as to what they are doing, and you have a recipe for disaster.
"I Want This Home And I Will Pay Full Asking Price"
Unfortunately, when it comes to short sales in Vancouver Wa, full asking price may not be enough. Many agents don't have experience with negotiating short sales and list it at an unrealistic price that is well below the market value. They feel that they are safe in doing that because the bank has to give final approval before the sale can close. The problem is that many buyers look at the listing, have no way of knowing that it is a short sale, and believe that they can actually buy the home at the offered price. This doesn't really become a problem until the market reaches a ratio where there are more short sales than regular sales. Right now in Vancouver Washington, that has happened. There are far more short sales than regular sales in the area. Buyers search the internet and are confused as to why most of the homes that they find are unavailable. I want this home. Why can I buy it at its asking price?
An experienced buyer's agent can help you through this dilemma and save you countless hours on the internet searching for homes. A few (very few) short sale homes are actually available at their asking prices. The trick is to find an agent who can guide you through the process and find homes that are good deals and available to close quickly.
Call us today for a buyer's appointment and let us show you where the real deals in real estate are!
When you choose us to handle your Vancouver WA real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark County and we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area. Additionally, we have helped numerous families build their own Vancouver WA dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service. Go to www.ernw.org for more information. See our video here. This post written by Mark Hall all rights reserved. Buying A Home In A Market That I Saturated With Short Sales - Vancouver Wa Real Estate
When you choose us to handle your Vancouver Washington real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark Countyand we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area. Additionally, we have helped numerous families build their own dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service.
Good stuff, Mark. We are seeing the same thing in some of our inland communities. And offers are, most of the time, at and above asking. Buyers are learning that this is so, even though the media still says, from time to time, that it's a buyer's market.
Jeff
It is hard to explain to a buyer who offers $20k more than the listed price that their offer has been rejected. I think that it is happening more than is being reported.