Alaska Real Estate Home Buyer Strategies When Bidding Wars Break Out

Dated: 06/30/2014

Views: 979

Wasn’t it just yesterday that we seemed locked into a classic home buyer’s market in Alaska Real Estate? Bad economy, bad job numbers, tanked real estate values were all we heard about…until it eventually shifted. Over the past year or so, it’s become a very different landscape. If you’ve been out looking to become a Real Estate Wasilla home buyer, it’s possible that you’ve found yourself putting in offers on multiple houses…and also possibly watching from the sidelines as another Wasilla Real Estate home buyer walked away with a deal. If this isn’t a true seller’s market, to you the difference may not be apparent. 

     In any case, when a prospective home buyer in Real Estate Wasilla finds themselves vying for one of the plum homes that are now appearing in this summer’s Wasilla Real Estate listings, there’s no need to passively watch as others get the nod. If you are sure of the value of the property you are going for, there are straightforward tactics for improving your chances of winning the day:
  • - Offering at or above list price is the time-tested way to give you the best shot of getting your contract accepted over bidders who offer less than list. Real estate prices are again on the rise, increasing your likelihood of being able to recoup the extra money if you decide to sell several years down the road. Look at the comps with your agent to determine what an aggressive—yet realistic price—will be.
  • - Ask your real estate agent what the recommended earnest money amount would be; then double or triple that deposit amount. It’s a sure way to signal that you’re a serious and financially able home buyer. This tactic has the advantage that it doesn’t really cost you anything in the long run, assuming you hold up your end of the contract. It is a way to stand out from other Wasilla Real Estate home buyers without actually spending more.
  • - In a buyer’s market, it’s almost expected to ask for add-ons like fixing a staircase or leaving the swing set. But in a seller’s market, you can beat the competition by not asking for extras beyond what is offered in the listing. Home sellers may be fully occupied with many outside details (like looking for their own next home!) and often assign high value to an offer that looks uncomplicated.
  • - Along the same lines, another way to set yourself apart from every other home buyer is to offer to give the seller more than the usual time to move out of their house. Many other bidders won’t think of this—but it can make the deal if the sellers are having to cope with difficult deadlines for their own move.
Above all, don’t let yourself get discouraged. The right house is out there, and you will get an offer accepted! Particularly in a seller’s market, any Alaska Real Estate home buyer will be rewarded by just remaining patient and cool-headed. First step if you will be looking to buy this summer: call me today to get started!

For Real Estate on the Kenai Peninsula click HERE.

Want to Advertise on this Site?

Latest Blog Posts

DEBUNKING MYTHS TO HOME BUYING

DEBUNKING MYTHS TO HOME BUYINGFinally ready to make the transition into home ownership? That's awesome, and in this exciting time you can be turning to friends and family for an insight into the

Read More

WHY RENT IF YOU CAN BUY

Home ownership rates are the lowest they have been in the last 50 years. Yet a large portion of Americans are still renting properties, instead of enjoying a home of their own. Consumer reports

Read More

City Mouse Or Country Mouse How To Know Where To Buy

City Mouse or Country Mouse: How to Know Where to BuyYou've made the big decision to become a homeowner - congratulations! Now, the question is, where to buy? While many, many factors go into

Read More

6 REASONS YOUR HOME WONT SELL

6 REASONS YOUR HOME WON'T SELLAre you ready to sell your home and want it to have a great first impression on the market? Or maybe your home has been listed for a few weeks or months, and you can't

Read More