Navigating the real estate market can be challenging, but recognizing a great deal can make all the difference. Here are some insider tips to help you identify value in today’s market.
1. Research Comparable Sales (Comps)
Look at recent sales of similar homes in the area to determine if the asking price is fair. A good deal will be priced competitively compared to other properties.
2. Check Days on Market (DOM)
Homes that have been listed for a long time may have motivated sellers who are willing to negotiate. However, investigate why the property hasn’t sold—there may be underlying issues.
3. Evaluate the Condition of the Home
Cosmetic updates are easy to fix, but structural problems can be costly. Consider the cost of necessary repairs and renovations before making an offer.
4. Consider Location and Growth Potential
A home in an up-and-coming neighborhood or near planned developments can appreciate faster. Look for areas with strong job markets and good school districts.
5. Look for Motivated Sellers
Sellers who are relocating, facing financial difficulties, or dealing with an estate sale are often more open to negotiation, which can lead to a great deal.
6. Get Pre-Approved for a Mortgage
Being pre-approved gives you a competitive edge and allows you to act quickly when you find a great deal.
7. Work with a Knowledgeable Realtor
An experienced real estate professional can help you spot hidden gems, negotiate effectively, and guide you through the process.
By following these strategies, you can increase your chances of finding a great deal while house hunting in today’s competitive market.
Scott Sweeney
Your NorCal Realtor
M&M Real Estate
BRE Lic# 01938720
Cell: Call/Text 707-330-2324
About Scott Sweeney
SweeneySells
Full Time Realtor 13 Years +
Over 100 Families Served
Top 5% Producing Agent
Buying & Listing Specialist
Contract & Negotiation Ninja
CSUS Business & Marketing Graduate 2006
With quickly serving over a 100 families, Scott Sweeney has become a top 5% producing Realtor in the greater Sacramento area who has helped clients from the Bay Area to South Lake Tahoe. Scott has a Bachelor Of Science in Business Administration, with a concentration in Marketing from CSUS. His education, and extensive background in the hospitality, marketing, and real estate industries, have helped Scott to become one of the leading, and most sought after agents in the area.
Reach out to SweeneySells today, and take the first step towards your real estate goals!
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Top Producer 2016-2023
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