1. The buyer has the upper hand. You can buy any home on the market. The seller can only sell his house.
2. Take your time. It's ok to miss a house. The agent will tell you that "two others are making offers". Don't worry about it.
3. Make the other guy say "it's only $200". When dealing with hundreds of thousands, people don't haggle for $200 or $500. If a person says, $330,000 even if they go down to $329,800 it is still $200 in your pocket.
2. Take your time. It's ok to miss a house. The agent will tell you that "two others are making offers". Don't worry about it.
3. Make the other guy say "it's only $200". When dealing with hundreds of thousands, people don't haggle for $200 or $500. If a person says, $330,000 even if they go down to $329,800 it is still $200 in your pocket.
=:money: on the right block!
fro11 said:
I too would love a finished basement but basements do not exist in homes in Vegas.
Market has plenty of inventor, but sellers aren't budging and lowering prices. Just put in a lot of offers at 15-20% under list price. Key is to ferret out the reason it is on the market, figuring out who is anxious to sell and who will wait it out. Right now the market is flooded with investors who are panicking because renting a place won't cover most mortgages. Find an investor who is really ready to go and you will get your house for at least 10% off list. Be prepared to put a lot of offers in and on occasion to be called an SOB for your lowball offer, but keep at it. Someone will crack. Lots of listings are even stating "built in equity" because the price got lowered, but don't pay attention to that. Still do your homework, use Zillow when possible (houses 2 years old or newer aren't on there usually) and then put out a lowball offer. Do it soon though, I think by this time next year the prices will be firmed up and the inventories will be down. Only thing that will stop prices from rising is if interest rates really get out of control. Otherwise so much money flooding into Vegas and dwindling supply of land will dictate higher prices.
