To add to the pricing confusion, many sellers get an inflated drive-by appraisal from a lender for a home equity line of credit or a real estate agent quotes them a high price in an effort to get the listing. And sometimes sellers just refuse to believe that the home they have lived in all those years is not worth more than its market value, leading to months of market buffeting and buyer rejection before reality sinks in. In truth, the nicest homes in the best areas rarely experience a slow market.

Even if the real estate market slows to half the number of home buyers, those remaining would zero in on the same homes for sale in desirable neighborhoods with attractive curb appeal. It’s the homes in not such good condition, with bad decorating, and in less desirable areas that have rusting for sale signs. Buyers don’t have to settle for something they don’t want, especially when there’s an abundance of homes to choose from.

And if you’re a buyer who’s looking for a good deal on a fixer-upper, life can be good. What all of this means to you as a home buyer is that you have to sift through the chaff to find the nice homes, and when you find one you like, you need to move fast because other buyers will be out looking for the same gems.

Tips:

Some agents understand how powerful emotion is in the home-buying decision. They will redecorate and add furniture to push a buyer’s emotional buttons. As a buyer, don’t let the flash and tinsel of a staged home sway you.

Related posts:

1. Looking at Homes and Narrowing Down Your Choices Part (2)
2. Looking at Homes and Narrowing Down Your Choices
3. How Appreciation Makes You Money?
4. Home Buying Useful Tips for First-time Buyers
5. How Equity Makes You Money?