The Best Blog Fodder is Right Under Your Nose - Your Own Emails!!

The Best Blog Fodder is Right Under Your Nose - Your Own Emails!!

I remember a while ago, Bob Stewart had a blog post challenge going on, and it's then that I realized that the best blog material comes from your own email to your clients.

I had a buyer client (they are in the $950k to $1M range) ask me a question via email earlier today. It was regarding the market in general, and also my opinion of some homes that were both in and out of their price range.

I thought the subject matter was so real and interesting that I've decided to make a blog out of it and pass it on since I feel the subject matter is so current, relevant, and important right now.

Here was my response:

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Of course you both know I am supportive of whatever you want to do, and I will write up an offer on anything you choose.

But I think it's important to realize that we are no longer in a market where offers $100k to $200k below list are conceivable.

Most sellers know what it will take to sell their property and have priced accordingly. And they also know the dangers of overpricing their property or "testing" in this market.

With interest rates being where they are and price points seemingly at the point where we've already hit bottom, the buyers are out there with strong buying power in just about all price ranges.

If the property shows well, is priced fairly according to comps, then if you really like the home it's starting to get to the point where you need to write at or above asking.

I NEVER advocate spending my clients money un-wisely, but I'm in the trenches 16 hours a day and know what the market is really like right now. The tide is starting to turn and people are once again looking to real estate as the stronger investment rather than the stock market.

And keep in mind that your accepted offer is always subject to appraisal. So regardless of what I think the price should be or what you think the price should be, whenever you utilize a loan to purchase a property, what it really gets down to is what your lender appraises the property for. And just about every lender is VERY conservative with their appraisals these days. So this should alleviate most of the worry about overpaying for a property.

And as I stated earlier, try to take a look at the bigger picture and know that ANYTHING you buy right now is at a historic, unbelievable price in the bigger picture.

You want to be able to take advantage of being able to purchase a home in this market with amazing price points.

So my advice is - "Don't sweat the small stuff"

Don't be afraid to offer full price and over asking as long as it's in your affordable range.

Hope that helps.

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