It is a Buyers Market

March 30, 2008 at 9:14 pm Leave a comment

Buyers should be able to take advantage of this market and make great deals.  The market in King & Snohomish Counties is flooded with homes and there are very few qualified buyers.  Buyers should follow the following process to find and buy the best deal.  Have you agent find out what the sellers equity is for each property your are interesed in buying.  This equity is the potential profit the seller has in the property at list price.

Be willing to make low offers on homes you would like to buy and see if the sellers is interested in making a deal.  If not go to the next property.  If the seller has owned the home for 5 years or longer and is tryiong to make over $150,000 in profits he or she should be willing to come down in this market to sell the property.   

There are several other key factors in this simple process.  Email me for more info if you are interested.  Or see my article posted on Biznik…

Your comments and questions are always welcome… 

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Entry filed under: Buyers Tips.

Foreclosures are a tough market

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