FULL PRICE? SINCE WHEN IS FULL PRICE NOT ENOUGH?

Since when is full price not enough? Only in this market. The Real estate roller coaster has had it ups and downs since 1890 and certainly it was a wild ride in 2005-2006 the sky was the limit, of course then the bottom hid hard gravitational pull or the Law of Physics- lately it is buyers emotions that are taking a ride on the roller coaster real estate has created.

The wildly emotional imbalance of want desire, ability and availability are creating turbulent times for buyers frustrated with an imperfect system.

The search for a home which fits into their budget.

The process off Writing As-Is, and -Short Sale Offers

The forms, additional addenda, and proof of credit worthiness...

And the languishing wait.

Realtors are equally frustrated, as the ever so slow click clack of their fax machines, like the gears on the pull chain of a wooden roller coaster grind on the nerves of those embarking on a thrill ride.

Except, more often than not...

The result is anti climatic. Stuck at the peak or worse....free falling off the tracks entirely in the form of a coldly worded....

REJECTION

Even full price offer get rejected.

The market is clogged with buyers competing heavily for the bargains to be found in the foreclosure and short sale aftermath of bad banking decisions of the past. Pricing them well enough to attract interest, buyers are most often times unaware that a full price offer may not be enough.

As Inventory of homes lessens, the shortage of affordable homes creates tougher demand.

HOW TO WIN- STRATEGIES THAT WORK

• Power Bid- Depending on your area you may have to offer 10-20% OVER asking price to win.
• Make your first offer your BEST offer.
• Have ALL of your documents prepared in advance-
• Letter from your lender, approving you for a specific amount.
• Proof of funds
• current FICO scores.

Find a tenacious REALTOR® one who is like a pit bull with a pork chop- who will follow through.

Be prepared to wait.

Be prepared to have to do this more than once.

Homes are selling. When compared to the statospheric prices of the past, and the stupendous speculation of those, whose timing was poor, no matter what you offer over asking price NOW is STILL a bargain.

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