Buying a home during the 2013 Orange County Real Estate Market is tough just like it is in other Real Estate market across the country. One common thing that home buyers are doing is using aggressive tactics to buy the homes that they want.
In this post we will cover the top “aggressive” home buying techniques so homebuyers in Orange County can use caution if they decide to do more to buy the homes that they want.
Going Over Asking Price
Bidding wars for homes these days are not uncommon, especially in Orange County. Many home buyers are willing to pay over 10 percent of the homeowner’s asking price to get the home that they want.
Before a home buyer decides to overbid on a home they should make sure that they consult with their Real Estate agent and know what the home that they want is worth because, it’s easy to get caught up in the heat of the moment and overpay for a home.
Paying Sellers Closing Costs
Another common thing that home buyers these days are willing to do is to pay the sellers closing costs, especially home buyers who are between the ages of 18 and 30 years of age. This is because they have been watching rising home prices, climbing mortgage interest rates and don’t want to miss out on the homes of their dreams this time around since the likelihood of another crash is smaller due to the market drivers this time around.
Less Extreme But Still Effective Tactics
Home buyers who don’t want to go as far as paying the sellers closing costs or bidding more for a home should consider personalizing their approach with homeowners by writing the homeowner a letter which tells their story of why they want to buy the home. Writing a personalized letter does work at helping the homeowner to feel like they “know” the person who is buying their home and provide a personal touch so the buyer believes that they are selling to someone who will take good care of their home once it is sold.
To learn more about aggressive home buying tactics, or to view the latest Orange County homes for sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.