Anyone who is buying a house in Evansville-- or even just checking up on the market -- is likely
to find that some of the rules of the game seem to have shifted. Particularly
anyone expecting to be deluged by the kind of amazing deals being offered in
2008 and 2009 should see what I mean.
As the latest housing statistics continue to paint an
upbeat picture, at least when it comes to bargain-priced properties, the days of
multiple bids and ‘offers over asking’ are back. If you are weighing the
advantages of buying a house in Evansville before interest rates and prices rise
in earnest, it should be useful to take a look at some strategies that work --
and some that virtually never work:
1) Blanket Low-balling – Running around writing up a bunch
of low-ball offers is a surefire way to get yourself ignored, or worse, miss out
on an otherwise great property. A better approach? Work with a knowledgeable
agent whose expertise in neighborhoods will allow you to check on the most
recent comps, then write a serious offer.
2) Dismissing Imperfect Properties – The degree of your
success in buying a house in Evansville can depend on starting out with a reality check: only
very rarely is a property totally perfect
for you and priced absolutely right.
3) Highest and Best - Unfortunately, the tempting low
prices listed for some local bank-owned homes also means that it’s increasingly
common to encounter the dreaded “multiple offer situation.” If you find yourself
there, be prepared to submit your highest and best offer first -- you may not
have another shot.
This changing market doesn’t mean we are headed into the
kind of fever-induced ‘bubble’ we saw in the mid- 2000’s. But for those seeking
a deal and waiting for the bottom of the market before buying a house in
Evansville, the market does not seem to be waiting. 2013 is clearly the time to
jump in!
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