Are you thinking about buying or selling a new East Bay Area home?
Buying or selling a new home is definitely a major life decision that must always be properly thought out. This important decision has long term effects not only on your financial savings but also on your cost of living each month. Furthermore buying or selling a home also impacts the lifestyle and overall wellbeing of your family for many years to come.
This is why you must realize what’s at stake and always take your time to make sound decisions that will prove to be beneficial for you and your family in the long run. Never rush into buying or selling a home without proper research because you might end up making a deal that you’ll regret later on. Here are a few important things to consider when buying or selling a new East Bay Area home.
Understand the Market
The most important factors to consider when buying or selling a new East Bay Area home are the dynamics of the market. You must fully understand the market before you begin the buying or selling process. The East Bay Area is a highly competitive real estate market. There are far more bidders than homes on the market.
This means that you have the advantage if you’re a seller. You can list your property for a lower asking price to attract bidders initially and then let a bidding war do the magic. On the other hand, if you’re a buyer then you need to be prepared for a bidding war. Make sure you keep some room for improvement in your offer price so that you can compete against other buyers if the need arises.
Work with a Professional Real Estate Agent
The next thing to consider when trying to buy or sell a new East Bay Area home is working with a professional real estate agent. A licensed realtor will have thorough knowledge and ample experience to help you make the best deal. They will also share insights about the current market to help you decide if it’s the right time to buy or sell a house or not. Remember to choose someone that is good at explaining things to you and makes you feel understood as you’ll be working closely with them for months.
If you’re a buyer, a professional real estate agent will assist you in finding many more options to choose from to buy the best home within your budget. If you’re a seller, then a real estate agent will bring many more customers to view your property and this will help you sell it at a higher price.
Negotiate with the Other Party
The last thing to remember when buying or selling a new East Bay Area home is that no asking price or offer price is set in stone. There is always the chance that you can sign the deal on better terms through negotiation. This is why you should always take the time out to speak to the other party personally to negotiate better terms for yourself.
We hope you consider these factors the next time you want to buy or sell a home so that you in a more well-informed position to get a better deal for yourself.
