Buyers HAVE Power

The current market allows buyers more time for due diligence. — Highlighting the return of buyer advantages like inspections and appraisals.

#SellFor1Percent #ColumbusRealEstate #ColumbusOhio #HomebuyerTips

Full Transcript

having home warranties and home inspections and remedies and negotiating to hey we got 30 offers Put your best foot forward And then you know the advice to the buyer was you know if we lost the offer like yeah there was 30 offers Only one of them could win And you know I had buyers that win you know bids like that But your advice to them is essentially based on what the other side the agent’s telling you And you know again 10 20 30 different offers Only one of them can win it And typically you know the top three four offers are doing crazy things to try to buy a house You know and a lot of those people had missed out on a few houses So then you know when they find another one they really like and want to buy they’re going crazy They’re going you know 20 30 40 50 60 000 over And the appraisal gap you know that’s I guess I think that would be the best way to summarize that entire era was the appraisal gaps Where well the bank thinks it’s only worth 300 000 You’re offering 350 000 You’ve got to come 50 000 out of pocket or you aren’t getting the house You know that would eliminate a lot of first time buyers that didn’t have 50 000 sitting around Right on top of closing costs on top of down.