Helping Buyers in a Sellers’ Market

    It should come as no surprise to anyone looking to buy or sell a home in the greater Washington, DC, area that it is currently a seller’s market. Buyers are typically at a disadvantage when negotiating a price for a property, as sellers use demand as a way to get maximum profit.

    But this doesn’t mean that buyers are helpless when it comes to finding a good deal. With the help of a skilled realtor, those looking to purchase a home can receive a fair price, sometimes even when their bid comes in lower than those of other homebuyers.

    Redux Realty agent David Mount was recently able to find his client, a first-time homebuyer, a great price on a duplex in a desirable neighborhood in Arlington. David and his client were able to beat out FIVE other offers, at least one of which was $10,000 higher than his client’s offer.

    By adjusting the other terms of the offer, David was able to create a bid that appealed to the seller, and at a price that benefited his client, who now has the home he desired—close to DC and within walking distance of restaurants and shopping.

    If you are looking to buy a home, it is easy to be intimidated by escalating prices and quick turnover. Trust the experts at Redux Realty to navigate the complicated waters of the current real estate market and to get you the best deal possible. To learn more about how we can serve you, give us a call at (703) 350-2830.

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