Ignite FB Tracking PixelHomebuying Tips: Consider the Seller's Perspective - Rick Jarzembowski
Homebuying Tips: Consider the Seller's Perspective

by Rick Jarzembowski 12/24/2018

As a homebuyer, you may want to consider the seller's perspective before you submit an offer to purchase your dream house. That way, you can boost the likelihood of receiving an instant "Yes" to your homebuying proposal.

Now, let's take a look at three tips to help you analyze the seller's perspective.

1. Review the Prices of Comparable Homes

Once you find your dream home, you may want to take a look at the prices of comparable residences in the same city or town. This housing market data can help you narrow the price range for houses in a particular area.

With insights into the prices of houses that are similar to your dream home, you can put together a data-driven offer to purchase. Perhaps best of all, you can avoid the risk of submitting a "lowball" homebuying proposal that misses the mark with a home seller.

2. Assess the Housing Market

The current state of the housing market may have far-flung effects on how much you should offer to pay for a residence.

For instance, in a buyer's market, there is an abundance of available houses and a shortage of buyers. This often means buyers can browse dozens of outstanding houses and won't necessarily face steep competition to acquire the right residence at the right price.

On the other hand, a seller's market favors sellers. It generally features an abundance of buyers and a shortage of top-notch residences. Therefore, if you're searching for a home in a seller's market, you may need to submit a competitive offer to purchase to secure your dream house.

Review the housing market closely so you can differentiate a buyer's market from a seller's market. If you find houses are selling quickly at or above sellers' initial asking prices, you likely are operating in a seller's market. Or, if you find houses linger on the real estate market for many weeks or months and sell at or below sellers' initial asking prices, you may be working in a buyer's market.

3. Collaborate with a Real Estate Agent

A real estate agent is a homebuying expert who can provide you with housing market insights that you may struggle to obtain elsewhere. Plus, he or she can help you evaluate the seller's perspective so you can submit a competitive offer to purchase the home of your choice.

Let's not forget about the assistance that a real estate agent provides throughout the property buying journey, either. A real estate agent can help you hone your home search and find your ideal residence in no time at all. Furthermore, if you have concerns or questions at any point during the homebuying journey, a real estate agent is ready to address them.

Want to purchase your dream house at a price that matches your budget? Consider the seller's perspective – you'll be glad you did. If you review the seller's perspective, you can craft a competitive homebuying proposal and move closer to acquiring your ideal house at a budget-friendly price.

About the Author

Author
Rick Jarzembowski

Rick Jarzembowski’s dedicated, professional reputation in the Washtenaw County real estate market has been built on providing excellent customer service. For more than 30 years Rick has helped over 1,200 individuals and families with their Real Estate needs.

With Rick, you know you’re getting a committed professional who stays by your side throughout your entire real estate transaction, while making it an enjoyable experience.

His strong and effective business, marketing and negotiating skills are uniquely coupled with his keen ability to understand his clients' tastes and needs. Rick has been a leader in Washtenaw County real estate sales for over 30 years, yearly recognized as a top-producing agent in the County. His in-depth community and market knowledge along with his high-quality professional network have afforded him the expertise to deal with a broad array of real estate needs. He is an expert not only in residential homes sales and purchases, but also with rental investment properties, relocation transactions, new construction, and lake home sales.

Rick has served on numerous committees for the Ann Arbor Area Board of Realtors and Michigan Association of Realtors. These appointments provide him with a comprehensive understanding of housing policies and reinforce his extensive knowledge of the local housing market. He is focused on keeping up with the latest trends, laws, and technology in the real estate industry.

Rick’s dedication to his community and family is undeniable. Born and raised in Michigan, he has strong ties to this community and the state and knows the importance of investing in it. He stays connected and supports this community by volunteering with countless service organizations. He is equally passionate about investing back into the community as he is with providing exceptional customer service. He enjoys all that Southeast Michigan has to offer from sports events to the numerous visual and performing art events that frequent the area. As an avid sailor, skier, hiker, and golfer, he knows the beautiful landscape Michigan has to offer.

As his client, you’ll appreciate that as a longtime area resident and small business owner he knows and understands the community and local market. He is able to provide insightful information and strategic marketing plans for home sellers that get their home sold fast and for top dollar. Buyers can count on Rick to use his knowledge and industry expertise to help them find the perfect home in a timely manner.

Rick’s reputation has been built one client at a time by providing exceptional customer service and exceeding expectations. He is a trusted resource who has had hundreds of clients turn to him, time and time again, with their real estate needs. His industry knowledge and client focused approach have repeatedly come through for his customers. Contact him today!