Tuesday, April 15, 2008

Waiting to pull the trigger

The waiting game.

So you've found the house you want but the price is higher and you think the market is going down.

What do you do? Wait to see what happens, there are a lot of houses out there right?

Well yes and no. In Manatee and Sarasota counties where I work there are a lot of homes on the market, thousands and thousands. There are more three bedroom, two bathroom, two car garage homes than you can shake a stick at.

When you get in to unique properties the inventory drops considerably. If you are looking, let's say for an open bay or open river view under $1 million your choices start to go down and you are not the only person looking.

I have had a couple of clients recently hesitate to pull the trigger and make an offer only to find out they weren't the only one looking for that unique property and someone else bought it.

This is a basic premise. In order be in the game you have to make an offer. The other side can either accept, reject or counter and none of those knock you out of the game.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com

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