A hot market is a "seller’s market." During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyer’s want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire. A slow market is a "buyer’s market. During a buyer’s market properties may languish on the market for some time and offers may be few and far between. Prices may even decline temporarily. Such a market would allow you to be more flexible in offering a lower price for the home. Even if your offered price is too low, the seller is likely to make some sort of counter-offer and you can begin negotiations in earnest. More often than not, the market is simply "steady," or in transition. When a market is steady, no real rules apply on whether you should make an offer on the high end of your range or the low end. You could find yourself in a situation with multiple offers on your desired house, or where no one has made an offer in weeks. Transition markets are more difficult to define. If the economy slows unexpectedly, as it did in the early nineties, people who buy on the high end of a seller’s market (like the late eighties) could find their home loses value for several years. So far, no one has proven reliable in predicting when markets change or how good or bad the real estate market will become. Home - Up - Your Best Investment - Buying an Automobile - Changing Jobs - The Closing Date Earnest Money Deposit - Home Buyer Tips - Home Inspection - Market Condition Moving Money Around - Your Offering Price - Property Condition - Seller Disclosures & Disclaimers Settlement Service Providers - Income Tax Savings - Writing Offers

    Tired of searching though tons of homes for sale? Can't find your dream home. Fill out my simple form to find a home that matches your exact criteria. I'll do all the searching for you, and email you whatever I come up with.
    When you want to buy a home in Southern Maryland you need buyer representation. Someone to look out for your best interest. The bonus is that I offer my services to buyers free.
    Call me today before you go look at a home. If you are thinking about buying a new home, be sure to contact me before you walk into the model home. The agent there is working for the builder, not for you!
Plus, the builder has already figured in both of the real estate agents commissions into the price of the home. So the best thing to do is to get an agent, especially since you're going to pay for it anyway. Sign up to receive an informative newsletter from an exclusive buyers agent.