Episode #268 - Opportunity Finally Knocks for Buyers!
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After months of heavily favoring sellers, the housing market is finally shifting to some semblance of balance \\u2013 not because inventory isn\\u2019t still tight (it most certainly is), but because high rates, economic concerns and seasonal selling trends have increased supply and decreased demand.\\xa0 And while it\\u2019s still not a buyer\\u2019s market \\u2013it\\u2019s definitely a buyer\\u2019s opportunity \\u2013 but ONLY in the hands of a skilled agent. \\xa0
On this episode of Open House, Reba and Eric go on a housing market expedition, scouting out the new terrain and pointing out the lurking dangers, enabling the intrepid home-hunter to bag the big prize without landing in financial quicksand, or getting unintentionally mauled by the dreaded ignoramus realestateagentus (AKA: the \\u2018clueless agent\\u2019).\\xa0
You\\u2019ll come away with a net full of game-changing nuggets for your real estate safari, like:
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 The circumstances governing seller\\u2019s disclosure forms \\u2013 and the critical role these documents play in both the buying and selling side of a transaction.
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 What physically happens to a home left vacant for a year \\u2013 and how that disclosure can shift negotiations in the buyer\\u2019s favor.\\xa0
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 How the benefits of a buyer-paid inspection and sewerscope can far outweigh their expenses come closing.
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 The tools available for a buyer to \\u2018cash in their chips\\u2019 (ie, leverage their negotiation points) at the end of the transaction.
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 What a 35R form is, and how it can move mountains in the hands of a savvy agent or blow up the deal in the hands of a hapless one.
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Important questions to assess the skill level of your agent in handling a ticklish transaction.
\\xb7\\xa0 \\xa0 \\xa0 \\xa0 Innovative programs for avoiding contingencies and beating out cash offers on hot homes.
Plus, Eric shares his tips for dealing with incompetent agents, and Reba uses a current deal to illustrate pro-tips on purchasing property through an estate sale.
Yes, buyer\\u2019s opportunity is knocking \\u2013 but only if you\\u2019re working with a skilled agent.\\xa0 Avoid buyer\\u2019s remorse (and agent remorse) by tuning in to this episode of Open House with Team Reba.\\xa0
Huzzah!