If you want to be a competitive buyer in this market, you can’t afford to “sleep on it.”
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If you’re in the market to buy a home in the $300,000 and below range right now, it’s very possible that you end up in a situation where you make an offer on a home, then receive a counteroffer back from a seller who wants a little something extra. At this point, a lot of buyers decide that they’ll “sleep on it” instead of making a decision right away.
While that might sound like a good idea in theory, it surely isn’t in practice. In this kind of hot market, “sleeping on it” may very well result in you losing out on the home. I’ve been seeing it happen more and more lately.
If you’re looking to buy a home in this market, make sure that you know what you’re willing to do to get the home before you make an offer. That way you can quickly make a decision when your agent comes back with that inevitable counteroffer. Have your best possible offer ready to go so you don’t have to “sleep on it.”
“I’ve seen this happen to too many buyers.”
I’ve seen this kind of situation turn out badly for too many buyers. Not being decisive in a market like this could really come back to haunt you.
If you’d like the assistance of a dependable, reliable agent who will make sure that you secure the home of your dreams, feel free to reach out to me or my team at any time. We look forward to hearing from you soon!