When you find the right home in Irvine….DON’T play games!

by Robert Mack on August 18, 2009

in Irvine Real Estate

I see it happen more times than not! A buyer finds the perfect home in Irvine…..the one they have been searching for, for over 6 months!  They try and play hardball and put in a bid lower than what they would actually be willing to pay and they loose out to a higher offer or even offers.  1 month later, they ask me what the home sold for and when I tell them the price, they get upset and tell me that they would have been willing to pay even more than that!  I just don’t understand the logic behind that.

Yes it is a buyers market in Irvine, and yes there are many homes to choose from right now.  What is limited though is the number of good homes available that aren’t short sales.  If you have been reading my posts over the last couple of months, you will see a consistent theme.  The good homes sell quickly and normally above list price.

There is no time to play games and if you find a great deal, one that is priced to sell….the chances are that someone else has found the same great deal!  Put in an offer that you feel comfortable knowing is your strongest offer.  An offer, where even if you get out bid, you will have no regrets and you will know that you tried your best!

Keep in mind not to overshoot your offer!  Have your agent do a complete market analysis and determine fair market value.  Appraisers are very scrutinized at the moment, so if the value cannot be justified using comparable sales, you may be in for a rude awakening.

For more information or to get a market analysis on a specific home, contact Robert Mack directly or use the contact tab above.

To read more on this topic: http://www.car.org/newsstand/crem/current-issue/august2009/winsomelosesome from the California Association of Realtors

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