Since the Scottsdale housing market has turned around this year, buyers are finding they are in a whole new game. If you want to be successful in buying a Scottsdale home, these are four new “rules” that you should consider:
1. Lowball offers are usually a waste of time: Lowball offers that are significantly lower than recent sales are usually a waste of everyone’s time. It is becoming a Seller’s market as the inventory disappears, and Sellers know it. They aren’t likely to jump at a low offer. They know another buyer will be along with a better offer. Buyers may be better off asking for home repairs during the inspection period, than offering lower than recent comparables. Keep in mind that low ball offers will often insult a buyer and taint the negotiations.
2. If you are financing the home, get pre-approved: Before you even consider getting into a car to look at homes, get over to your local bank. You need to be pre-approved and know exactly how much you can realistically afford. Getting pre-approved isn’t as easy these days.
3. Be educated and realistic about the current market: It is amazing how many buyers think that the market in Scottsdale is horrible and Sellers would be lucky for them to buy their home. The exact opposite is true. Prices are surging and you will be lucky in many cases for a Seller to choose your offer, over the other multiple offers they receive.
4. Expect competition: The market is tighter since the Scottsdale inventory of homes for sale has dropped. There are fewer properties on the market to choose from, but even more buyers this year than last. The result is a lot of competition for the best homes.
Email me at Carmen@TopScottsdaleHomes.com to schedule an appointment to view homes for sale in Scottsdale.
Carmen Brodeur JD
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260