Vancouver Wa Real Estate - Elite Realty NW

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You Are Pre Approved for $350,000. Why are you wanting to see $500k listings? Vancouver Wa Real Estate

vancouver wa real estate

You Are Pre Approved for $350,000. Why are you wanting to see $500k listings? Vancouver Wa Real Estate

How many of you have been through this:

You are excited. You just got off the phone with your lender and he is emailing you a pre approval letter that says that he will finance your new Vancouver Washington home for a purchase of up to $350,000.

How awesome is that? The media is saying that this is a great time to buy. Rates are low. The inventory is high. This is a strong buyer's market. Right?

You jump on the internet and type in http://www.elite-mls.com/ to start your search for Vancouver Washington homes for sale. Let's see... this buyer's market should give you some leverage. How much?

The problem is that there is no way of knowing. There are some great deals in the Vancouver Washington real estate market right now but most of them are super deals at their listed price. Yes. You heard me correctly. I will repeat, THE BEST DEALS ARE THE ONES THAT ARE ALREADY PRICED RIGHT.

Why look at overpriced homes with unrealistic sellers when many sellers have good agents who have helped them to price their homes to sell quickly? There is nothing worse than negotiating with a seller who refuses to listen to their agent when it comes to pricing. If they didn't listen to their agent when they listed it, why are they going to accept a low (realistic) offer from you? (the enemy?)

When looking for you new home, find an agent who you can trust and let them get you on the deals. They should be experienced with combing through to overpriced junk so let them do their work. It is a great market and there is no need to make crazy offers on overpriced homes.

Comments

Mark, are you kidding me???? All my buyers do this!

Posted by Charlene Hammontree, Rockford Michigan, ABR, SRES (Flexit Realty) almost 2 years ago

Charlene - Ha ha ha! I know. There are a bunch of buyer's out there whose eyes are bigger than their wallets!

Posted by Mark Hall Homes for Sale Vancouver Washington (Elite Realty NW - Keller Williams, Vancouver Washington) almost 2 years ago

Thank you ... Great post!  Kudos to you for saying exactly what needs to be said time & time again! 

Posted by Kelly Armer (Cornerstone Real Estate Professionals) almost 2 years ago

You are dead on with this post my friend and the worst part about it is that while these buyers are trying to talk their agents in to seeing the $500,000 homes, the ones that are priced right are flying out the door and they are missing out on the real deals.

Posted by Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert) (Knipe Realty) almost 2 years ago

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