Many properties are receiving multiple offers within the first few days of being on the market. Especially if you’re a first time home buyer in the Greater Seattle area, consider your competition STIFF. You may not be able to get away with calling the shots.
So is it even worth buying a house any more? Being rude to the seller doesn’t mean you’re going to get a great deal, and playing nice doesn’t mean you’re going to get taken to the cleaners. All parties can walk away from the table feeling whole and you can still get a great value.
You don’t have to beat the seller up on list price to get a great value. Every first time home buyer should be more concerned about the VALUE of the home as opposed to the PRICE. If a home is priced for 300K and worth 250K, did you get a great deal if you paid 280K. Of course not! It doesn’t really matter if you knocked 20K of the list price, you still OVERPAID by 30K!
If getting a great deal is you’re number one priority, there’s still time. Even though we’ve seen some SLIGHT appreciation in the Greater Seattle area lately, prices have not shot up dramatically overnight, and probably won’t for another couple years. But if you wait too long, you may find that rising prices AND rising interest rates make housing much LESS affordable than today’s equation plays out.
It’s not too Late! If you’re a first time home buyer in the King County area, there are many factors to consider. Don’t make this big of a decision without getting EDUCATED first. Go to our Calendar/Reservations page and sign up for one of our FREE First Time Home Buyer workshops and peace of mind.
