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Buyer Beware: Strategies That Get You Nowhere
Dated: October 20 2022
Views: 53
Anyone buying a house in Southwest Florida — or even just checking up on the market — is likely to find that some of the game’s rules seem to have shifted. Particularly anyone expecting to be deluged by the kind of amazing deals being offered just a few years ago 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 for a little longer. If you are weighing the advantages of buying a house in this area 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 miss out on an otherwise great property. A better approach? Work with a knowledgeable agent whose expertise in Collier and Lee County neighborhoods will allow you to check on the most recent comps, then write a serious offer.
2) Dismissing Imperfect Properties – The degree of success in buying a house in Southwest Florida can depend on starting with a reality check: only very rarely is a property perfect for you and priced right.
3) Highest and Best – Unfortunately, the tempting low prices for some area bank-owned homes also means that it’s increasingly common to encounter the dreaded “multiple offer situation still.” 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- 2000s. For those seeking a deal and waiting for the bottom of the market before buying a house in Naples, the market does not seem to be waiting. 2022 is the time to jump in!
The MikeDowner.com website is the most comprehensive online source for Southwest Florida real estate information and services. Whether you are looking for the latest sales, trends, or homes for sale in Collier, Lee, Charlotte, or Broward Counties in Florida, Mike Downer and Coldwell Banker Realty have it all at your fingertips. Browse information regarding short sales, foreclosures, new construction, investment property, land sales, or commercial locations throughout Southwest Florida at www.MikeDowner.com or call Mike at 239-722-6453. #homesforsale#realestate#investment
Michael Downer
Your Luxury REALTOR®, Trusted Advisor — Quintessential Naples Team at Downing-Frye Realty®Michael "Mike" Downer is the REALTOR® you want in your corner when buying or selling real es....
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