Conditions that can effect your offer

Market conditions

Property condition & features

Location

How much do you want the home?

Market conditions

Depending if it is a "Buyer’s Market" or a "Seller’s Market," can significantly affect your offer.

In a buyer’s market, homes for sale tend to be on the market for longer periods of time, and sellers are usually more negotiable on price. We find a buyer’s market when the economy is slow and there are more homes for sale than there are buyers.

In a seller’s market, homes for sale tend to be on the market for shorter periods of time, and they sell for full price or more. When the economy is strong and consumer confidence is high, we find that there are more buyers than there are homes to sell.

As of the present conditions in Orange County we are somewhere in a Buyers Market. we just came out of a super strong sellers market. but because of the conditions with the economy starting to slow down we are definitely in a buyers market. So if you been waiting for prices to go down, that time is now.

When making an offer you must consider the market conditions to determine how much room there is to negotiate. For instance, in a seller’s market there are usually multiple offers on a property. For this reason, it is very unlikely you will get the home for less than asking price. Where as in a buyers market, the offers are few and far between. For this reason, placing an offer below asking price would not be uncommon, and possibly even be acceptable to the seller under these market conditions. So evaluate the market carefully and consult with your Realtor on the best strategy for making an offer on a home.

If you have any questions, Please call 

1-866-OC-House

or E-mail us!

Havequestions@OCHomeFinderTeam.com

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Written By Shan & Raschel Roberts