There are always opportunities for buyers to score great deals on their new homes. You just need to know what to look for. Although offering below asking price can be risky, it also can pay off! It’s a matter of being smart about it. Working with your realtor can help you craft a winning offer that will not be insulting to the sellers and still save you some money. If you are looking into Buying your dream home in Ventura, watch out for these signs that you might be able to save by offering below asking price!
- The Home is Obviously Overpriced.
Some homes are just plain expensive and worth every penny. Other homes are listed high but inaccurately. This often occurs because sellers have an emotional attachment to their home and think it is worth more than it truly is. Ask your realtor for comps in the neighborhood. If the home is clearly overpriced, it might be easier to come in with a lower, more appropriate offer.
- The Seller is Ready to Move.
Maybe the seller is moving out of the area for a new job or perhaps their financial situation no longer allows them to afford the home. In these and other cases, the seller will be anxious to unload their property as quickly as possible. Do some detective work with your realtor to find out the motivation for selling. If it is clear that the seller is ready to go, they will be more receptive to a low offer in order to speed the process along.
- The Home is On and Off the Market.
A home was on the market, then pulled off, and now is back again. The seller is likely starting to get annoyed with the whole process and is ready to get it done with once and for all. This is a great time to offer below listing price.
- You are Open.
If you are flexible on your home wish list and/or are willing to make renovations on any home you buy, then the most important factor for you should be price. Being open to a variety of homes allows you the opportunity to offer low whenever you want until you finally score that incredible deal.
- The Home is Out of Date.
You walked into a home and feel like you just stepped back in time several decades. This will scare off many buyers, particularly those that are looking for move in ready. The seller is likely have some difficulty selling. If you are willing to put in some work once you move in, consider an offer below asking price.
Score an incredible deal on a new home by looking for these 5 signs. Check out our current Homes for Sale throughout western Ventura County to start the process. Give Blake Mashburn a call today or visit our website at https://blakemashburn.com/.
