When you’re out to buy a new house in Boston - or any other city in Massachusetts – a seller’s market can add to your problems. A seller’s market or a market with a low inventory comes with many challenges so here are some tips for buying your Boston home in a slow real estate market.
Negotiating with realtors
In a slow real estate market, realtors find it tough to get as many clients as they would want. This offers buyers the ability to negotiate the fee with realtors. Ultimately, this results in a win-win situation for both, the landlord as well as the realtor.
Negotiating with sellers
Sellers who are looking to urgently sell their properties offer higher bargaining power to buyers. As time wears on, the urgency to sell the property grows further and sellers may be willing to trim prices. This show the seller’s intention to get
Do not rush things
The fact that buyers have the upper hand in a slow real estate market does not mean that they ignore precautions before initiating a transaction. It is important to explore the market to get an idea about the going prices for similar properties in an area. Prospective buyers could also choose to browse listings on the web, check local newspapers and seek the expert advice of real estate agents.
Avoid bidding wars
There is no point in getting into bidding wars when you dominate as a buyer in the market. Rather than squandering time and effort, it is much better to look for a better deal in another area. Limit yourself to a particular price range and do not give
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