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Maurice Melbourne's Blog

Choosing the wrong home can price you right out of the buyers Market!

Now what in the world does that mean? How can choosing the wrong home price you out of the buyers market? One of my clients has been looking for a home for some time, but just can't seem to get that right house under contract. Every time we submit an offer, someone else outbids her. How can that be with all this inventory today? Are her offers too low, or is something else going on?

My client is searching for a "dream home" on the retail market. When I say dream home, I mean a home that already has all the bells and whistles.. (granite counters, stainless steel appliances, hardwoof floors, vaulted ceilings, fully finished basement, theater room, deck.. Need I say more?)  Although these are amenities my client would like to have come with her home upfront, she is not alone. So would everyone else! Everyone is looking for that perfect foreclosure or resale home that needs very little work and is ready to go.

There are some homes on the market that meet that criteria, but the competition for them is fierce. The consumer who would like to offer a low price hoping to get a deal will get outbid on these homes almost every time.  Are you asking what this means? Am I saying you should bid high in todays market? Not necessarily, it all depends on how badly you want the home and if the price point is in the range that you can comfortably afford. 

What I will say is this, drop me a line or give me a call so I can explain how you may be able to get the best of both worlds; a deal and the amenites, with a little patience in todays market. Don't wait! Inventory is moving! Cell 202-327-1367, Ofc 301-277-Exit, Email realtor.melbourne@gmail.com..

We'll talk soon,

Maurice

By the way - This post is not intended to solicit consumers who are already under a signed agreement, and actively working with an agent!

_________________________________

Maurice Melbourne, Realtor®
Exit Elite Realty
6525 Belcrest Rd, Suite 260
Hyattsville, MD  20782

202-327-1367 Cell
301-277-3948 Office
301-277-3373 Fax
realtor.melbourne@gmail.com
http://www.HousesInBowieMD.com
http://www.FindYourMDHomeNow.com
http://www.DMVHomeGuide.com
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