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Looking for a Sweetheart Deal?

 Debe Maxwell did such an excellent post here, I honestly have nothing more to add. Read it and please check out her blog for this original article as well as all her other posts.

Looking for a Sweetheart Deal?

Charlotte NC Sweetheart deals

 

With the many news outlets sharing our current real estate market, a strong sellers’ market, I’m always surprised at the number of home buyers who submit low-ball Offers these days!  After a conversation last week with a buyer who is coming into town later this month, I feel like the news (and our conversations about the current market) is just not hitting home.

 

Some buyers have unrealistic expectations in today’s market - they're looking for that sweetheart deal, regardless of the current market conditions

So, I wanted to set the record straight…for now!  As you know, the market can change from month-to-month.

 

If you purchased your home during the down-turn (The Great Recession), between the years 2008 and 2012, chances are, you did get a sweetheart deal then.  You likely purchased your home in the 90-95% list-to-sales price ratio; some may have even gotten as low as 88% but, those were incredibly RARE in the Charlotte Metro region.  During the recession, home list prices were down as well; some sellers were even desperate to get out from under a mortgage.

 

Some homeowners had lost jobs, some had reduced income, some had children going to college and others had parents who were suddenly in need of financial support as well.  It was a sad, slow market but, if you were a buyer, you were able to get sweetheart deals at that time.  Multiple Offers were incredibly RARE and if a real estate agent heard about a bidding war on a property that wasn’t theirs, we were envious!  What a DREAM that was during The Great Recession!

 

Fast forward to 2017 - in many areas, list-to-sales price ratios are in the high 90’s, many even over 100%!  List and sales prices are up considerably since the recovery began in 2012, meaning, those low-ball Offers just won’t land you that dream home you’re in search of!

 

Bidding wars are rampant and if you don’t go in strong, sellers are highly insulted…and often, will even ignore your Offer!  Buyers are out of town and flying in when a ‘hot property’ hits the market, only to find that they missed their dream home - homes are going under Contract in HOURS! Other properties may be a bit over-priced at the moment but, just when you decide to make an Offer, after the property being on the market a couple of weeks, there are multiple Offers on the table. Again, it’s a SELLERS MARKET!

 


 

My advice to you…

Now, that's a deal!

IF you are fortunate enough to tour a home that you love and it is not already under Contract, this may very well be your sweetheart deal…if you want to make it yours!  

 

Sweetheart story for the week - I had buyers who walked into a property last weekend, and the first words out of the wife’s mouth were, “I’m in love!”  They had read my articles on market trends and were prepared to heed my advice that I had also given them in conversation.  They went in strong and won the deal!  

 

When the buyers were told that they had won the bidding war last night, the wife said, “For me, it’s not about the money - it’s about my children being in a community that they will enjoy being surrounded by friends and lots of things to do…It’s about the lifestyle for me!”  This was a sweetheart deal for them! 

 

No truer words have been spoken - a sweetheart deal is not always “about the money!”

 

Looking for a sweetheart deal?  We're happy to help you find your dream home and negotiate the best deal possible for you.  Give us a call at (704) 491-3310 or email DebeM@remax.net

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Looking for a Sweetheart Deal?

Originally posted at http://www.icharlotterealestate.com/looking-sweetheart-deal/

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Debe Maxwell, Realtor®/Broker/CRS
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Direct:  (704) 491-3310

 

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Disclosure of material contained within
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Kasey Boles, Managing Broker

REALTOR®, CRS, ABR, ePRO, SRS, SFR, GRI

 

John Boles / 208.830.6185 / johnboles@boiserealtystore.com

James Gannon / 208.570.4048 / james@boiserealtystore.com

Kasey Boles 208.830.6186 / kaseyboles@boiserealtystore.com

 

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This is not intended as solicitation if you are in contract with another real estate agent. 

Equal Housing Opportunity.  

 

          

 

  

 

 

 

 

Comment balloon 9 commentsKasey & John Boles • February 15 2017 07:02AM

Comments

What a great reblog from our friend Debe Maxwell  virtually all her post are re-blog worthy, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 1 year ago

Okay, so this is too funny!  I just commented on a question that you answered, Kasey, that I feel the exact same way about and then see Endre's notification of a comment on this re-blog - great minds, eh?!  

Thank you so much for re-blogging this!  Crazy enough, I had to have this conversation with someone yesterday - I spoke with them again today and realized that it sank in!  I'm elated, to say the least!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) over 1 year ago

Kasey & John Boles and the team at Jon Gosche Real Estate, LLC - an excellent re-blog for sure.

The market is always changing - and the buyer needs to trust his or her real estate agent!

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 1 year ago

Kasey, what a great choice for a re-blog. Debe Maxwell knows her market so well, she's very impressive. 

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) over 1 year ago

Such a great story and so good to hear that real estate has come back in so many markets. Nice reblog, Kasey.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Good Morning Kasey and John -  This was a great blog from Debe Maxwell .  She certainly nailed it regarding unrealistic expectations.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) over 1 year ago

Great post! thanks for repost and spreading it further. 

Posted by Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Calabasas CA (Barcode Properties) over 1 year ago

Don't forget to head on over to Debe's blog and read her other posts as well as comment on the original content.  She's got some good information on her blog.  -Kasey

Posted by Kasey & John Boles, Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties (Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com) over 1 year ago

Thank you again, Kasey!  You're so sweet to re-blog and send folks my way too!  Hope you have a fabulous week!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) over 1 year ago

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