If you are determined to purchase a home in a Louisville, which is considered as a seller’s market right now, you should not be caught off-guard. The most important thing that you should know now is that you have a trusty real estate agent who can give you wise recommendations, particularly when it comes to the local market conditions.
The problem with a seller’s market is that it can be quite difficult for a buyer, especially if this is the first time that you will purchase a property. In general, homebuyers are not interested in the real estate market, which is why they do not understand how the market moves throughout the different seasons. Since the real estate market in Louisville is strong these days, the movements differ almost monthly.
You need a good strategy that can help you purchase the home you want. Here are some techniques that will help you prepare for the home-buying process in Louisville:
Be smart about your offer. You want your dream home and often, you have a budget that you cannot go beyond. Unfortunately, it is a seller’s market in Louisville and it means you should not offer less than the price listed for the property. In fact, you may need to offer more than the asking price.
Take advantage of the earnest money deposit. Most sellers in the city would find a large earnest money deposit as attractive. If you have an agent, let him or her guide you toward determining whether to double or triple the amount of deposit you are going to make. Do not worry since you will pay it anyway when you close the sale.
It is not the time to request favors. If it is a buyer’s market, you will find that almost everything is in your favor. In fact, you can even ask for a washer, dryer, fixtures part, or painted doors. Since Louisville is a seller’s market, you cannot do this until the conditions change.
Do not possess right away. As much as possible, delay your possession as a buyer. Often, it is customary for a seller to leave when the sale is closed. However, you may want to give him or her a few days before you ask him to move. You can make this offer to the seller, especially if he/she lives in the house. Most buyers may not think of this strategy but the seller may consider your offer better than the others if you allow them to move after a few extra days.
It is not astonishing that most of the buyers these days are unprepared when they approach a seller. To avoid this problem, you need the help of an expert. This expert should be knowledgeable and at the same time, you can trust this person. This is where Brandon Priest excels. His expertise in the real estate world makes him a reliable professional who will guide you throughout the process of buying in Louisville.
He graduated from the University of Kentucky and completed a Home Inspections course in 2001. Just one year later, he became a certified insurance agent and was granted the E-Pro Designation in Technology, which was awarded by the National Association of Realtors.
In 2003, Brandon Priest received his license as a real estate broker and he began his real estate investment company right after. With his credentials and know-how, you know he is the right person to trust when it comes to your real estate transactions in Louisville.
Let Brandon Priest Louisville Kentucky assist you as you purchase your first or dream home. With his experience and data regarding the neighborhoods in the city, he knows the market very well. You can save time, effort, and even money when you work with him as he can tell you if you are paying too much for the property. He can also help avoid closing problems, which can sometimes happen.