MoCo Rockville

TODAY's Buyer's Market: Are you HOLDING all the cards?

Every buyer would like to think they are holding all the cards in a buyers market.   But are they really?   No, they are not.   Let's take a closer look....

In today's market ---- just because you like a house, qualify for the house, have good credit and a great real estate agent does NOT mean you automatically can buy any house that is listed in today's market.

Who else is holding the decision cards?

• The seller - if your offer isn't reasonable regarding price or terms
• The seller - might decide to be unreasonable regarding price or terms
• The appraiser - is unreasonable about the value or condition
• The bank/investor - may not want to make the loan in a neighborhood or area
• The bank/investor - may have concerns abut condition issues with the house
• The current mortgage holder - if it is a short sale and the bank doesn't want to do it
• The current second mortgage holder - if it is a short sale and the second bank doesn't want to do it
• The seller -  can't afford to sell it for what you are offering
• The seller -  doesn't want to sell it for what you are offering
• The buyer's agent - might not want to work with you if you are unrealistic

In any market, the buyer is never holding ALL the cards.   Other people have choices and options.   Don't lose a good home or value because you think you are holding all the cards.